Transfer for no Payment

Nominal sum transfer

In some circumstances a property can be transferred for a nominal sum and does not incur transfer duties. This applies to transfers between:

• spouses
• direct descendants or ascendants
• two companies with the same beneficial owner(s)
• individual(s) and a company owned by the individual(s)

Forms A, B and C or D are required, together with a  Document Duty Assessment Form [105kb] completed by an Advocate to show that it is a genuine transaction for no value.  The minimum Land Registry  Registration Fee [125kb]is payable.