A deed of transfer can have several tax implications, depending on whether the property is sold, gifted or transferred for another reason, and on the relationship between the parties. Stamp duty may apply, while Capital Gains Tax can arise for the person transferring the property; gifts may also create Capital Acquisitions Tax for the recipient. The property’s use, value, any payment or mortgage, and available reliefs can affect the position, and Local Property Tax responsibilities may need updating. Ask a solicitor or tax adviser to review the deed and confirm the current rules with Revenue before signing.