All Topics / Legal & Accounting / SRO – removing Tenant in common

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  • Profile photo of ptnptn
    Participant
    @ptn
    Join Date: 2006
    Post Count: 74
    May 26, 2006 - 12:39 am

    Hi Guys,

    My wife and I both have a 50/50 tenant in Common for our PPOR.

    If I were to remove my name from the SRO for our PPOR – My wife to have the full holding on our PPOR – Does she need to pay stamp duty?

    Further more, if the same applies for an IP does she need to pay stamp duty + CGT?

    I imagine CGT but not stamp duty but can’t seem to find this info in the SRO.

    Thanks
    ptn

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 26, 2006 - 12:45 pm

    I beleive so in both cases, unless you go through a divorce. May vary from state to state.

    Terryw
    Discover Home Loans
    Parramatta
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