8:28 AM, 5th June 2019, About 3 years ago 5
I am looking for advice from anyone au fait with the process or has any knowledge on this procedure.
Summary: I have an Special Purpose Vehicle (SPV) company with mixed properties. I am looking to transfer out one particular Semi-Commercial property (which has a lease) to a new SPV I have registered to hold it.
The property has no mortgage, does not attract stamp duty and there does not need to be an exchange of funds. I am a 100% shareholder in both SPV’s. There is one other director.
As there is none of the usual obstacles such as charges or searches etc, what would be the process to do this DIY? TR1 forms from Land Registry and a new contract between the companies for the transfer (if required, as both will be signed by me) are all I can think of.
Are there any resources online which can assist with step-by-step instructions?
It is not just the cost factor this saves, which is secondary in this case. I am looking to get this moved over asap so figure doing it DIY would achieve that.
Thank you for the help.