Property deeds query / implications

[Lalia]

My husband and I and another couple recently brought two properties as a joint lot at auction. A the time of purchase we requested that 1 property be registered in each couples name but the buyer said no. Currently all four names appear on the deeds and both properties will be registered as the combined value we paid for them.

We would now like to put the relevant property into each couples sole names, after speaking to land registry this seems like a simple enough task with each couple opting to remove themselves from a property for zero consideration. However l want to find out the wider implications, now or down the line or, if there is another way to achieve the same outcome.

many thanks

[atticus]

There is no other way of arranging the two properties to be registered with a different couple as proprietor of each.

[Lalia]

If we simply remove each others name from the relevant property with zero consideration, l assume the combined price we paid would still appear on the register?
.
l ask because the properties are different sizes/values. In an ideal world we would change the values to reflect the price each couple contributed. But does that mean we would pay another lot of SDLT Is the price on the register used for CGT purposes or would the instructions sent to our solicitors and the deed of covenant stating the ownership and price we originally wanted suffice? If down the line either party sold their property?

[atticus]

The Land Registry will be better placed to answer that question.