For those who wish to terminate a co-ownership – either as a result of the termination of a personal relationship or the end of a commercial buy-to-let business partnership, the ownership of a property must be dealt with carefully to ensure that no inadvertent costs are incurred.
Usually if the reason for the need to transfer the title of a property is a result of a divorce, then following the appropriate procedure, this can be achieved without attracting taxation and other costs. This may not be the case where an unmarried couple separate, or in the case of the termination of a commercial partnership