All Topics / Help Needed! / Transfering title to a spouse/family member and avoiding stamp duty?

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  • Profile photo of blogsblogs
    Participant
    @blogs
    Join Date: 2005
    Post Count: 418
    April 19, 2009 - 10:19 am

    Hi all,

    Quick question-my sister, my brother and myself own a property. For various reasons she has concerns about the intentions of her boyfriend (defacto..) and wants to transfer it into my and my brothers names for safe keeping. Anyone know if this can be down without incurring any stamp duty, cap gains tax etc? Thanks

    Profile photo of LinarLinar
    Member
    @linar
    Join Date: 2004
    Post Count: 567
    April 19, 2009 - 1:07 pm

    What state are you in?  I'll have a look at the legislation.

    Profile photo of blogsblogs
    Participant
    @blogs
    Join Date: 2005
    Post Count: 418
    April 19, 2009 - 10:31 pm

    Thanks Linar-Victoria :)

    Profile photo of CargillCargill
    Participant
    @cargill
    Join Date: 2009
    Post Count: 5
    April 28, 2009 - 3:11 am

    She might do better to resolve it with the de facto (like kick him out) rather than give up her share of the property. Apart from the stamp duty that will be incurred (some thousands), she gives up her interest in it. How can she trust you and the brother?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 28, 2009 - 3:33 am

    What if your brother gets married or into a defacto? Will you transfer it back?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 5 posts - 1 through 5 (of 5 total)

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