Hi Terry, thanks for replying…..I would like to learn more about this idea you mentioned regarding holding the property in trust. Would you be able to elaborate more what this involves and if it is a surety that duty can be avoided plus any pros and cons of the situation?
Happy to make contact with you personally if need be.
I am a joint tenant in a PPOR with my parents. About 5 years ago I transferred 33.33% of the title into my name in order to build a new house. I paid the required stamp duty at the time. Since then I have married and my wife and I have 3 other investment properties. Getting finance is such a hassle because in order to borrow funds, my parents…[Read more]