Then there are the tax implications of gifting a property. Tax law is a specialist area in its own right. If you want to be certain what tax liabilities you will incur following a property transfer, you must get expert advice from a tax specialist – such as a member of our estate tax planning team.
However, it might interest you to know that gifts given to spouses and civil partners are exempt from inheritance tax. Also, there will be no Stamp Duty to pay. These rules do not apply to de facto (‘common law’) partners, or indeed any other family members.