Transfer of Equity and Council Tax banding

Pixieboy

Hello,

Does anyone know whether a transfer of equity constitutes a 'relevant transaction' and would trigger a review of council tax banding?
i.e. if a person had a mortgage in sole name and subsequently another person was added to the mortgage and a transfer to joint names took place is this different to the property being sold as a freehold?

Many thanks in advance!
:beer:

lincroft1710

What you describe is not a "relevant transaction". The original sole owner is still the owner, albeit with now only a half share and furthermore it would appear no money has changed hands.

Pixieboy

Thanks lincroft. I thought that was probably the case, but much like bees you never can tell with rules and regulations!