Ask Expert


Stamp duty when added to property title

Noel Whittaker | May 12 2008 | The Sydney Morning Herald & The Age (subscribe)

Q.

I am a bit confused about stamp duty. If my husband owns an investment property in his name only for tax purposes but now wishes for me to be included as half owner, do we have to pay full stamp duty for me to be added to the title? As his wife am I able to be added with no cost?



A.

It would be treated as a disposal and a purchase of a half share, capital gains tax (if applicable) and stamp duty will apply. You should also take advice from your accountant before you sign any documents because you do not want to put yourself in the position where the tax office considers the sole purpose of the transaction was to save tax.

Printer friendly version  Printer friendly version      Email to a friend  Email to a friend


top



Advertise with us | Contact us | Site map | About us
Privacy Policy | Conditions of Use | Membership Agreement

Copyright © 2008. Any unauthorised use or copying prohibited.

Check my portfolio for
» Shares
» Managed funds
» Networth
Create a portfolio


Each week financial advisor Noel Whittaker answers your questions.

Topics include:
» Mortgages
» Managed funds
» Superannuation
Ask a question now

Help

eNewsletter
Let our enewsletter Money Sense help you with your finances. Subscribe now.
See sample newsletter