Forums / Property Investing / General Property / Transfer existing PPOR into partners name and buying new PPOR on my name

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  • Profile photo of new2investnew2invest
    Participant
    @new2invest
    Join Date: 2010
    Post Count: 36

    Hi all

    Need to know if I can do this scenario below

    Currently my PPOR is 50%/50%. I want to transfer my share into my partner’s name.
    Then buy another PPOR closer to work in City for me to live in during the week.

    I am in VIC, are there any cost involved in transferring my 50% into my partner’s name.?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,110

    Yes full duty would apply.
    Mortgage discharge and registration
    loan application fees
    conveyancing fees.
    CGT needs to be considered

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

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

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