Transferring ownership

[paddydog63]

How do I transfer ownership of my boat to another member of my family. No money will be changing hands so it is essentially a 'present'

 

[tompyn]

Sell it to them for a £1 and other considerations.It's standard practice.

 

[sarabande]

A person of full legal capacity is free to gift, sell, spend, gamble or otherwise dispose of his or her estate (heritable or moveable), whilst alive. Even if disposals of moveable estate have been made deliberately to ensure that that there is little or nothing left at his or her death to meet potential legal rights claims, this is perfectly within the law.

 

[Tranona]

The key document is the Bill of Sale. Model documents from either MCA or RYA. If appropriate the SSR must also be in the new owner's name, and if Part 1 a formal re-registration required.

Not directly related to boats but there may be IHT implications.