anyone heared of a way to get properties out of individual names and into trusts without incurring stamp duty?
I think there IS a way!!!!!
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582anyone have anything to say??????
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582Well that depends on if your going to throw it up on the forum for everyone to look at?
-Thomas
“More Time To Snowboard”
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REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIF you find one then let us all know Doc…
CATA
Asset Protection Specialist
[email protected]yeah i would be interested too!!!!
D&L Property Projects NZ Ltd
Sourcing Investments that fit.
[email protected]I’ve never had an occassion to do this, so haven’t investigated it at all.
What I do know is the chaps down at the SRO, if they ever get a sniff of it happening, will shut that little loophole quicker than you can say ‘ticketyboo’.
If you do find a way, my advice is get in quick – it won’t be around for long, and probably so you don’t set a precednt – they’d challenge you all the way to the High Court over it.
Like Land Taxes, State Govt’s don’t like missing out on their slice of the pie….and it’s a big pie !!!
Who have you been talking to lately Dazzling. Who says ticketyboo anymore. [biggrin]
Don
D&L Property Projects NZ Ltd
Sourcing Investments that fit.
[email protected]
Email to receive current dealsI’m dying to know the answer!
From past posts, it appears that you can’t get a property thats been purchased outside of the Trust, into the Trust without incurring all these hefty bills.
Please do tell![wacko]
Kim
Kim Anand
[email protected]“Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”
I do know that if you are moving more than one property in joint names into a sinlge name or trust you only pay stamp duty on the difference of the valued price of both. i.e 1 property is $150,000 the other $120,000 you only pay SD on $30,000. You said individual names so I am assuming this means joint. If not sorry can’t help.
Jakethemate
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