Declaration of trust and restriction on title?Make Text Bigger
I am in the process of trying to sell a property where I have used a DoT to move some of the economic interest into my wife’s name. When the DoT was created, there was a restriction put on the property’s title.
I am now trying to sell the property and the buyer’s solicitor wants the restriction removed before completion, which I assume would affect using my wife’s CG allowance.
My solicitor has recommended that my wife is appointed as a Trustee on the property transfer document which will overreach the sole proprietor restriction on the title and the Land Reg.
Has anyone had any experience in this?
This is the last thing we need to resolve for the sale to complete so it is pretty frustrating that both sides can’t find a solution.
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