there is ALWAYS a solution

Viewing 10 posts - 1 through 10 (of 10 total)

Xenia
Member
@xenia
Join Date: 2002
Post Count: 1,231
December 13, 2005 - 4:50 am
anyone heared of a way to get properties out of individual names and into trusts without incurring stamp duty?
I think there IS a way!!!!!
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582
Xenia
Member
@xenia
Join Date: 2002
Post Count: 1,231
December 13, 2005 - 3:17 pm
anyone have anything to say??????
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582
nazzysmith
Member
@nazzysmith
Join Date: 2005
Post Count: 102
December 13, 2005 - 3:38 pm
Well that depends on if your going to throw it up on the forum for everyone to look at?
-Thomas
“More Time To Snowboard”
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
December 13, 2005 - 11:36 pm
?
REDWING
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cata
Participant
@cata
Join Date: 2005
Post Count: 559
December 14, 2005 - 7:07 am
IF you find one then let us all know Doc…
CATA
Asset Protection Specialist
[email protected]
Don Nicolussi
Participant
@don
Join Date: 2005
Post Count: 1,086
December 14, 2005 - 1:08 pm
yeah i would be interested too!!!!
D&L Property Projects NZ Ltd
Sourcing Investments that fit.
[email protected]
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me
"I think of finance as a technology, a way of getting things done." Robert Shiller
Dazzling
Member
@dazzling
Join Date: 2005
Post Count: 1,150
December 14, 2005 - 2:27 pm
I’ve never had an occassion to do this, so haven’t investigated it at all.
What I do know is the chaps down at the SRO, if they ever get a sniff of it happening, will shut that little loophole quicker than you can say ‘ticketyboo’.
If you do find a way, my advice is get in quick – it won’t be around for long, and probably so you don’t set a precednt – they’d challenge you all the way to the High Court over it.
Like Land Taxes, State Govt’s don’t like missing out on their slice of the pie….and it’s a big pie !!!
Don Nicolussi
Participant
@don
Join Date: 2005
Post Count: 1,086
December 14, 2005 - 9:54 pm
Who have you been talking to lately Dazzling. Who says ticketyboo anymore. [biggrin]
Don
D&L Property Projects NZ Ltd
Sourcing Investments that fit.
[email protected]
Email to receive current deals
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me
"I think of finance as a technology, a way of getting things done." Robert Shiller
Mama2Mia
Participant
@mama2mia
Join Date: 2003
Post Count: 115
December 15, 2005 - 9:13 am
I’m dying to know the answer!
From past posts, it appears that you can’t get a property thats been purchased outside of the Trust, into the Trust without incurring all these hefty bills.
Please do tell![wacko]
Kim
Kim Anand
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“Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”
jakethemate
Member
@jakethemate
Join Date: 2003
Post Count: 8
December 15, 2005 - 10:14 am
I do know that if you are moving more than one property in joint names into a sinlge name or trust you only pay stamp duty on the difference of the valued price of both. i.e 1 property is $150,000 the other $120,000 you only pay SD on $30,000. You said individual names so I am assuming this means joint. If not sorry can’t help.
Jakethemate