Gifting property to my partner

sheramber

https://forums.moneysavingexpert.com/discussion/comment/81979015#Comment_81979015

It will be the only property he will own as

He is transferring the current property to his partner, so will longer own it.

He will have disposed of of by transferring it / giving it away to his partner.

Andy_L

https://forums.moneysavingexpert.com/discussion/comment/81979022#Comment_81979022

yeah, I got caught up in what I thought was a double negative

Land_Registry

https://forums.moneysavingexpert.com/discussion/comment/81978975#Comment_81978975

No - you have to use the form TR1. No form to be drafted (created). Just forms TR1 (legal deed), AP1 (application form) and ID1/ID3 for identity verification as explained int eh guidance you linked to

daniellejwilson

https://forums.moneysavingexpert.com/discussion/comment/81979162#Comment_81979162

Super helpful, thank you so much.

daniellejwilson

https://forums.moneysavingexpert.com/discussion/comment/81978977#Comment_81978977

We need a larger property as we have just had a child and only have 1 bedroom currently, but we do like where we live and could see moving back to it in retirement (but only if the figures stack up and we don't have to sell to buy a larger property). There's a lot of 'what if's' at the moment and a lot of number crunching to do, i just wanted to make sure i understood this avenue. Thank you all so much for your help, it really is invaluable.

sheramber

https://forums.moneysavingexpert.com/discussion/comment/81981304#Comment_81981304

Remember if your partner does not live in the flat there is a potential Capital Gains Tax liability when it is disposed of.