All Topics / Legal & Accounting / And/or Nominee in Tasmania

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  • Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 9, 2007 - 12:06 am

    Hi

    Does anyone have any experience using and/or nominee in Tassie?

    eg. can you substitute a nominee prior to settlement without incurring double stamp duty?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Dave LDave L
    Member
    @dave-l
    Join Date: 2005
    Post Count: 40
    October 9, 2007 - 9:05 am

    I am fairly sure you can Terry I was going to do it with one of my properties. Let me check as the wife is a stamp duty assessor and I will let you know tomorrow for sure, otherwise PM me and I can give you her work email address

    Cheers

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 9, 2007 - 12:31 pm

    Thanks Dave

    I checked with a Tassie solicitor today and was told you can do it, but will be hit with stamp duty twice if the nominee is a non related person or entity with a different ownership, eg a discretionary trust with several beneficiaries.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 3 posts - 1 through 3 (of 3 total)

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