Investment Restructure

Hi All,

This is my first time on the forum board and I’d like to say that this website is a great source of information and highly interesting. Thanks!

I have been searching through the forum archives to get some clarification on a proposed property transaction we are looking at. My wife, Mother-in-law (MiL) and Brother-in-Law (BiL) have owned an investment property since 1999 which is currently tennanted. My BiL is looking to divest to boldly go into a solo investment.

We would like to look at the possibility of the my wife and MiL taking over the 1/3 investment and I need to know the financial impact of doing this with regard to state taxes and personal tax. Based on my current understanding, stamp duty will only be payable on the trf of the 1/3 investment into the names of the two remaining investors, and from a personal tax perspective, my BiL is the only party liable to pay CGT as the two remaining investors have not liquidated their investment.

I’d like to know that I’m on the right track, and whether there are any further considerations to ensure that I get the full financial picture.

Thanks
[confused2]

Active Investor