All Topics / Legal & Accounting / Refinacing & Stamp Duty

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  • Profile photo of anthonyqanthonyq
    Participant
    @alpha22
    Join Date: 2011
    Post Count: 27
    September 16, 2011 - 12:55 pm

    Hello,

    I'm going through a process of refinancing on my IP. My old papers/loan/title had my first and last name on them only.  The new loan papers now contains my middle name and the banks come back to sign a stat dec, that i am the same person etc.

    Will any of this re-trigger stamp duty because of the slight change in name? The entity is the same (ie myself). I know that VIC has a stamp duty exception for refinacning, but will any of this senario cause issues?

    PS i'm in VIC.

    Thanks!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 16, 2011 - 4:20 pm

    Shouldn’t

    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 Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    September 17, 2011 - 4:18 am

    No it won’t.

    Name changes in very common, and nothing is being transferred or sold as it’s the same person.

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

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

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