How can we cross - transfer deeds after divorce?

29th Apr 2020

My ex husband and me own 50% of each other's house. We got divorce and agreed in medation who will take which house, but we never cross transfered the deeds. How do we go about this? Do we make each other a present, do we just apply to court and say this is what we want? What would have minimal tax implications as we are at the same time giving and receiving equity of similar value?

CATEGORY: Family

LOCATION: CAMBRIDGESHIRE

1 answer
  • Curwens LLP

    It is great to hear that you managed to get divorced and resolved the financial matters amicably using mediation. What should have then happened is that the agreed terms were put into a Consent Order, and sent off to the Divorce court with a short financial information form and court fee of £50, to get the terms made binding on you both. Then you would have needed solicitors to prepared formal Transfer Deeds to effect the transfers of property - which are registered with HM Land Registry.

    It is not clear how much time as elapsed, but I would strongly suggest you now take tax advice (as well as legal advice) as there can be tax implications of transfers of property  - even between spouses.

    It make seem complicated but it should all be possible of being resolved with paperwork and no actual court hearings.

    I hope this helps.

    Amanda Thurston

    Family Solicitor

     

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    Curwens LLP

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