thanks for the reply.
It appears to endorse the idea but I am sorry to say I found it rather casual / vague as to detail.
For example to say 'you could just do it yourself without any of the formalities" is a little non specific and does not address my questions.
Perhaps I should say i am aware that generically i could scribble a contract on a piece of old newspaper and in law this would suffice but in a context where there are large sums of money and serious tax implications some guidance on how to improve on this
scenario would be welcome.
You tell me 'you would just execute a transfer' but i did not ask for suggestions as to other and more casual ways this could be done or ways to avoid using a contract.
If you re-read my questions you will see that the first question ends with the words
"...in this manner" Which means specifically as described above. Which means a sale using the standard contract of sale (5th edition) with very particular amendments and special conditions.
Because without this context my questions to do with the contract being assignable are meaningless. It is not a matter of whether I 'want' a contract. It is a matter of understanding the best way of doing this - allowing for the option of assignment.
Taking into account that further parties such as lenders and HMRC might wish to see a process which is documented / witnessed / dated and acceptable to a reasonable standard - bearing in mind it may be adopted by a third party purchaser.
If you would keep this in mind when you augment your original answer i would be gratelful. Please also keep in mind the reference to 'assignment of contract' as I believe this can cause difficulties with lenders and HMRC.
Lastly some input on the issue of 'undervalue' and 'gifting' would also be welcome .
When you say '...undervalue is not relevant for those purposes" i have no idea what purposes you are talking about. Are you saying that gift of equity does not need to be recorded or specified but is simply implicit in the transaction? Or is there a method - ie a documented means - for doing this that you think unnecessary.
To conclude i wish to emphasis i am looking for advice on how to do this properly. And advice as to potential problems. As much specific legal detail as possible would be very helpful.