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Hi, the Transfer document, which is signed by the Seller and your daughter/boyfriend does include a panel where you state what share each buyer is going to have in the property.
So, in your daughter's case, she will just need to instruct her Solicitor that she is to have 90% and her boyfriend is to have 10%.
This Transfer document is then registered at the Land Registry and it is evidence as to what share each party owns so as to avoid any argument at a later date.
I hope this assists and if so, I would be grateful if you could leave feedback with 4 or 5 stars at the top of your screen, before you leave the site today.
Thanks, ***** ***** you look at the top of your screen and you can leave formal feedback.
Many thanks Andrew
Hi, thanks. Please feel free to ask a follow up question.
Hi, I am a Solicitor based in England.
Hi, I am a property Solicitor so if you have a question about Inheritance tax, you are best to post it as a new question. If your further question relates to your original question I will of course be happy to answer it.
Hi, you don't need anything formally documented or witnessed by a Solicitor or Notary Public. You and your daughter just need to keep a note of any gift in your own records in case the gift becomes part of your Estate for IHT purposes (if you were to die within 7 years of making the gift, the sum or a percentage of it would be classed as part of your Estate).
Please do. Many thanks
Hi, thanks but can you please re-post this as a new question as I only get credit once for answering a question.