Hi! I’d like to find out what’s the process of adding a sibling’s name onto an existing house title? There will be no money exchange. Are there any legal implications and if there are any costs involved? Appreciate advice.
See above.
Heaps of legal implications.
Costs include legal advice, tax advice, conveyancing, mortgage discharge new loan costs and registration of mortgage, stamp duty and possibly CGT unless the main residence exemption can apply.
Hi Terry,
Thanks for your reply. What is the mortgage discharge new loan costs and registration of mortgage? There is no exchange of money for adding family member to the title and there is currently no mortgage on the house though?
