All Topics / Help Needed! / House title

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  • Profile photo of lee88lee88
    Participant
    @lee88
    Join Date: 2019
    Post Count: 4
    July 20, 2019 - 8:45 pm

    Hi
    I live in my family home in melbourne with my daughter, mum ,sister and her husband.
    My mums name is on the title and so is my sisters who had to take out a 70k loan to help my mum pay the mortgage.
    My sister and her husband have now purchased a house and will be moving out and my sister wants to take her name off the title
    I will be taking over the loan with my mum.
    My mother is a pensioner and i am on single parent but i own a investment and also work full-time.
    I just wanted to know the costs of taking my sister off and adding myself to the title or is their a way to avoid paying any fees and stamp duty ?

    • This topic was modified 4 years, 9 months ago by Profile photo of lee88 lee88.
    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    July 22, 2019 - 10:58 pm

    Stamp duty (at market value for the % that you are buying), legal fees (you, sister & mother all require advice), provision for capital gains tax (payable by your sister), discharge of mortgage.

Viewing 2 posts - 1 through 2 (of 2 total)

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