There may be tax implications depending on the reason for the transfer of equity. For example, if you are changing the ownership in accordance with a Financial Remedy Order on divorce and the property is the main home of both parties, it is likely to be exempt from capital gains tax. However, if you are transferring ownership to an adult child, the transfer may be treated as a potentially exempt transfer for inheritance tax purposes. You could also be charged stamp duty land tax in certain situations, for example, if you are buying out a joint owner’s share of the property. This will depend on your individual circumstances. You should seek professional advice to check whether there are any tax implications in your specific case.