Guidance on how to advise clients regarding gifts of property and transfers at undervalue
Gifts of property and undervalue transactions are the subject of increasing importance for conveyancers. Those proposing to make such dispositions are vulnerable to undue influence, especially because they would not receive full market value for the interest they thereby transfer.
How the conveyancer advises on such matters is crucial. During this webinar Stephen Desmond will discuss how to recognise when a client is at risk, what advice they are likely to require and how to handle the matter as sensitively as possible.
Topics considered include:
• Taxation issues that might be relevant, albeit outside the conveyancer’s expertise
• Fraud risks inherent in transactions at undervalue
• Right to Buy: tenant gifting the discount to a third party
• Transfer/trust deed and risk of bankruptcy or intention to avoid effects of bankruptcy
Stephen Desmond has been delivering training for over 15 years during which time he has delivered more than 1,800 CPD events to lawyers from a variety of backgrounds. Delegates at these events have included practitioners from a variety of size of firms, ranging from sole practitioners to City Solicitors.
Stephen is a contributing editor to Butterworths Property Law Service, published by Lexis Nexis, writing on the complex law relating to long and short leases. He writes for the Solicitors Group on the subject of commercial property. He has run a university-accredited distance-learning course for aspiring paralegals in the subject of residential conveyancing.
A former practicing Solicitor with several years post-qualification experience, Stephen has represented many business and private clients, including property investors and local authorities.
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