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Transfer of equity is an English legal term for the process where the ownership of a share or interest in a property is transferred from one entity to another, a partial conveyance. [ 1 ] Transfers of equity can take place for multiple reasons.
Tracing is divided into two forms, common law tracing and equitable tracing. [1] Common law tracing relies on the claimant having legal ownership of the property, and will fail if the property has been mixed with other property, the legal title has been transferred to the defendant, or the legal title has been transferred by the defendant to ...
CREST is a UK-based central securities depository that holds UK equities and UK gilts, as well as Irish equities and other international securities. It was named after its securities settlement system, CREST, and has been owned and operated by Euroclear since 2002. [1] The name CREST stands for Certificateless Registry for Electronic Share ...
In EU and UK law the umbrella term "collective investment scheme" is used to cover a range of legal entities, regardless of their form as trusts, companies or contracts, or a mixture. A "unit trust" is created through a trust deed, and run by a fund manager, where people may buy or sell "units" in a fund that invests in a range of securities.
In a narrow legal sense, a transfer tax is essentially a transaction fee imposed on the transfer of title to property from one entity to another. This kind of tax is typically imposed where there is a legal requirement for registration of the transfer, such as transfers of real estate , shares , or bond .
The Equity Release Council is the UK's equity release industry body that sets standards to protect consumers. Its members commit to following a set of five product standards: fixed or capped interest rates (for lifetime mortgages), the right to remain in the property, the right to move to another property, the ‘no negative equity guarantee ...
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(3) A voidable transfer results in the disponee (typically a buyer or receiver of a gift, a donee) obtaining a valid title, a subsistent title, to the property but this title can be defeated by challenge in court, i.e. it can be reduced (judicially terminated by court order), by someone of a better legal claim to the property. This arises ...