Transfer of equity is an English legal term for the process where the ownership of a share or interest in a property is transferred from one entity to another, a partial conveyance. Transfers of equity can take place for multiple reasons. Examples include: * Marriage or living together: When people marry they often transfer the property into the names of both parties. * Divorce or separation: When a couple divorce or separate, property is typically transferred, sometime with compensation. Restructuring a joint mortgage requires the mortgage company's consent. *

Tax planning Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxe ...

: Property owners may transfer equity to their children or other family members to manage their tax liabilities. Transferring equity can be complex, involving

land registry Land registration is any of various systems by which matters concerning ownership, possession, or other rights in land are formally recorded (usually with a government agency or department) to provide evidence of title, facilitate transactions, ...

applications and

stamp duty Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). Historically, a ...

land tax A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. Some economists favor LVT, arguing it does not cause economic inefficiency, and helps reduce economic inequali ...

forms. In these circumstances, a transfer of equity usually involves a conveyancing practitioner to deal with the formalities. Lenders' requirements are generally set out in the CML Lenders' Handbook."The Law Society Conveyancing Protocol"
– "Consider the instructions from lenders in the CML Lenders' Handbook or the BSA Mortgage Instructions as applicable..." The Law Society Conveyancing Protocol, retrieved 10 March 2015

References

{{Reflist, 30em English property law English legal terminology