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Old 29th November 2011, 12:55   #1 (permalink)
Hobbit from the North
 

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divorce and property transfer

Hi Forum

can you advise please.
I am divorced in the UK and my tapu is in joint names.

I would like to get the tapu in my sole name I have settleled the equity and paid my x wife off.

I have had the hosue about 6 years now.

Do I have to go through a sale/transfer and pay tax at 3% of the total property or just the amount I paid my x off with.
is there an easy way todo this without huge expense since I already own 50%on tapu and 100% by way of purchase.
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Old 29th November 2011, 13:11   #2 (permalink)
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Re: divorce and property transfer

Quote:
Originally Posted by hobbit View Post
Hi Forum

can you advise please.
I am divorced in the UK and my tapu is in joint names.

I would like to get the tapu in my sole name I have settleled the equity and paid my x wife off.

I have had the hosue about 6 years now.

Do I have to go through a sale/transfer and pay tax at 3% of the total property or just the amount I paid my x off with.
is there an easy way todo this without huge expense since I already own 50%on tapu and 100% by way of purchase.
It is a fairly straight forward process, providing your ex-wife either comes to Turkey or gives someone here a POA to complete the process on her behalf.

You will not need to apply for the military search again, but you will pay Tapu tax (3.3%) on the half of the property that you are taking over.

We did this for clients earlier this year by way of a POA from both parties.
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