Hi there,
Are there costs involved if a husband transfer the title on an investment property to his wife (or vice versa)?
If so, what are they? eg: is stamp duty payable?
thanks,
CarlinIt usually involves selling th IP to the partner, so the usual cost involved in selling will be charged eg. CGT, Stamp duty ect.
CATA
Asset Protection Specialist
[email protected]Hi again,
Forgot to mention (in case it makes a difference) – we’re in SA and we’ve been married for 3 years.
thanks,
CarlinHi Carlin
In some states ppty can be trasnfered without stamp duty if between spouses. But sometimes this is limited to divorces and a court order is needed.
Another cost would be legal fees. So you may have CGT, Stamp duty, Legal Fees, and loan costs – app fees, exit fees etc.
However, it still may be worth it if this could release some money which could then be used to pay down non dectible debt and reborrowed for the purchase of the IP again.
Terryw
Discover Home Loans
Parramatta
[email protected]
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