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Viewing 2 posts - 1 through 2 (of 2 total)
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All Topics / Legal & Accounting / SRO – removing Tenant in common
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
I beleive so in both cases, unless you go through a divorce. May vary from state to state.
Terryw
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