The transfer of property is not a simple process. There are important tax and legal implications to be considered.
If you are looking to transfer a property, you need to ensure the process is handled properly. The state government recommends seeking legal advice from a property solicitor.
You can rely on MDV Family Lawyers to ensure you are guided through the process.
The following are just some of the measures and conveyancing services we offer to ensure a proper transfer of property:
You may seek professional advice to transfer a property due to a variety of circumstances, including the following:
This tax is payable to the state government in the case of a transfer of property. The amount is determined by the independent valuation of the property. It applies to residential properties and investment properties.
Some transfers of properties may be exempt from payment of stamp duty (also called “transfer duty”), including the following circumstances:
If you are transferring a title, you may have to pay capital gains tax, which is calculated on the assessed market value of the property. However, under certain circumstances, you may be eligible for CGT rollover (where you may defer or disregard a capital gain or loss from a capital gains tax event until another CGT event happens).
Our friendly team here at MDV Family Lawyers will help you find out if you’re eligible for a CGT rollover.
Broadly, the following are some events that may mean you’re eligible for the CGT rollover:
If you have any questions or would like to book an appointment with one of our property lawyers, call 02 4421 7455, email and book online below.