Plummer replied to the topic Structuring for IP in the forum Finance 14 years, 10 months ago
ExcellentAnd in setting up a simple trust structure would it be best to use something along the lines of cleardocs.com or actually go to a trust accountant?
Plummer replied to the topic Structuring for IP in the forum Terryw wrote:No, you cannot 14 years, 10 months ago
Terryw wrote:
No, you cannot transfer without stamp duty and CGT would be pyable if the place was a rental property. Also the lender would require you to discharge the loan and reapply for the new loan as the ownership would be changing.Why not keep it as is and claim the main residence CGT exemption. Get future ones in the trust.Yeah that's…[Read more]
Plummer replied to the topic Structuring for IP in the forum Finance 14 years, 10 months ago
Hi All,Amateur question…My PPoR is in my and my girldfriends name. I am looking to start a property trust as I plan to purchase some investment properties. As my plan is to rent this one out, is it possible to transfer the property and mortgage into the trust without incurring the cost of CGT and stamp duty? Also, would my lender mind me doing…[Read more]