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moggins
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dougal
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Posted: Fri Apr 15, 05 12:10 pm Post subject: Re: Finding Deeds help please |
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moggins wrote: |
We 'own' a patch of woodland that was bought by my grandfather to build a cabin on for my grandmother, we've always known it belonged to the family but don't appear to have any proof, Dad doesn't want to bequeath it to anyone without having definite proof of ownership. |
1/ His will needs to cover *all* his property, which would normally be done by a catch-all "residue" clause. If he were to mention something specific, and he were not to own it at the time of his death, then that specific gift *alone* would fail. (So no harm covering it.)
2/ Land Registration started in 1925, but even today it takes a 'trigger' to require compulsory registration. Transfer is such a trigger. It should have been transferred following your Grandfather's death, and if this was fairly recent, it should be registered.
If its registered, its straightforward. The Register is the proof of ownership, not the Deeds. (OK, it could be messy if it were still registered to your late grandfather...)
3/ If its not registered, and you can't locate the Deeds, then you would have to apply to the Land Registry to become registered with "Possessory Title" and show that you had been "occupying" (in its particular legal meaning) the land, unchallenged, for the last 10 (?) years.
Quote: |
However, when they wanted to lay water pipes on the land for a housing development that happened next to the land they contacted Dad, when the National Trust wanted to buy the land to add to the rest of the wood they already own they contacted Dad.
So somewhere there has to be proof that Dad owns the land? We need to get this sorted quickly as Dad is in his late seventies and I don't know how much time we still have. |
4/ This sounds as though public records, (Register, Wills, etc) show your Dad as the owner... It is also likely that your Dad has entered, as owner, into a legal agreement (an "Easement") over the water pipes. (Good for proof of "occupation".)
5/ I have no idea what the financial position of your Dad might be, or the value of this woodland, but Inheritance Tax needs to be considered. There are special provisions for woodland, including favourable treatment of lifetime gifts of woodland... If your Dad isn't 'using' the land, a lifetime transfer might be advantageous.
In general, lifetime gifts are "potentially exempt" from IHT, (just survive long enough afterwards), and there is a small exempt annual allowance that should be fully used. BUT the whole of the estate beyond �275k is taxed at 40%...
Even before "ownership" is established, it would be worth taking professional advice on this. (Even his "squatter's rights" should be transferrable.)
Hope it turns out well. |
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