Hi Guys,
Currently, My partner and i have a unit in both out names, but is it possible to have that changed to just my in the future? would this affect a lot on the current mortgage?
I was just reading up on minimizing risks from Steve's book, and he mentioned that it would be better not to "Own" a property in your own name
Thanks,
AllianceHi,
The problem you have is that a change to the title usually attracts duties.
However, (I think) in WA and Vic you can transfer the property to your spouse's name for 'love and affection' (that is – $nil) without any stamp duty applicable.
Worth a phone call to your solicitor though to find out.
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
SteveMcKnight wrote:Hi,The problem you have is that a change to the title usually attracts duties.
However, (I think) in WA and Vic you can transfer the property to your spouse's name for 'love and affection' (that is – $nil) without any stamp duty applicable.
Worth a phone call to your solicitor though to find out.
– Steve
Thanks for your assistance Steve! I definitely will give my solicitor a call and find this out. By the way, I love your book, and I'll be getting all the other ones written by you
Cheers,
Alliance_22
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