Hi again Terry,
On reading the link a few more times, it would seem to me that the duty is one aspect and looks to be covered. That is good.
The other aspect is CGT. As we have always lived in the property as our PPOR and have not even had investment properties during this time, we would be CGT exempt as no CGT is payable on PPOR.
Once transfer takes place and the property is in husband's name (this will occur while we are still living in the house) the only change will be the ownership.
A few months later we will move into new PPOR and I believe we have six months before we have to nominate which property is our PPOR.
At that point we would nominate the new address as our PPOR. From that point onward the current PPOR would be liable for CGT.
We have obtained a Valuation from the Bank and will use that as proof of the value of the property at the time of transfer of ownership.
Hopefully that will cover everything to establish value and date that property ceases to be PPOR for CGT purposes.
Hopefully my understanding is correct.
I just need to know now whether to put Love and Affection on Land Transfer paperwork and whether we need to provide Contract of Sale, from joint ownership to ownership by husband only.
Again, many thanks.