Transfer of ownership to LAQC process
Question from Susan updated on 11th June 2010:
Our expert Mark Withers responded:
Sounds like your lawyer didn't correctly register the transfer to the company. Certainly not an ideal situation if the company has been claiming losses on a property it never actually acquired. You may be able to argue that the company was the beneficial owner of the property despite the problem with registering the transfer but it will depend on other supporting paperwork. Go and discuss the problem with your lawyer and seek an explanation for the failure to transfer.
Mark Withers and his team at Withers Tsang & Co specialise in advising on property related transactions, valuation and restructure services and tax planning.