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Hi Terry, Have contacted both SRO and Titles Office in Vic. In Victoria SRO informs that any property (PPOR or Investment) can be transferred between spouses with no duties payable. Two forms need to be filled out: 1.Transfer between married spouses statutory declaration (basic details to...

Hi Terry, Thanks again. Yes, that is what I am trying to do, i.e. transfer at market value. Thank you for saving us both from my long-winded explanations. I really do appreciate your clarification and excellent suggestions. Many thanks.

Hi Terry, Yes, understand what you are saying. The confusion is that I've been led to believe that transfer between spouses is also considered the same as selling. So, am just wanting to make sure that if I "sell" my 50% of property to husband that is currently jointed owned between...

Hi again Terry, On reading the link a few more times, it would seem to me that the duty is one aspect and looks to be covered. That is good. The other aspect is CGT. As we have always lived in the property as our PPOR and have not even had investment properties during this time, we would...

Hi Terry, Thanks so much for your reply. Much appreciated. Can you clarify further regarding CGT. We have lived in this house for 14 years purely as a PPOR and have not had any investment properites during this time. I understand CGT may be payable but that is only once the property...

Hi there, Just resurrecting this post as we are in the middle of a similar situation. Husband and I own current PPOR 50/50 (no mortgage). Want to change from joint ownership to husband's name only (spousal transfer). Have just had offer accepted by vendor on new PPOR. Contract of Sale...

Hi Jake, Thanks so much for your reply and providing update on cooling off period. Much obliged. :)

Hi there, Anyone care to clarify the situation regarding the 3 day cooling off period after signing contract to purchase a property (private sale not auction) in Victoria? In particular, is the 3 day cooling off lost is a purchaser seeks legal advice regarding the contract? (Damned if you...

Hi Terry, Thank you so much for simplifying things. Settlement is the date then, when we'd nominate new property as PPOR. If we are able to get quick settlement when country property is found, funds that wife transferred to husband's offset account against Prahran property, could be...

Hi Aaron, How would husband purchasing wife's 50% of property be seen as asset protection?

Hi Terry, Big Brother in the bedroom!!!!

Hi Terry, Thanks for clearing up the timing issues - it's been bugging the life out of me. Husband is borrowing $500k to purchase wife's 50% share of the property (keeping in mind, that 50% of the poperty is already in his name). So, yes, he is purchasing property and borrowing to finance...

Hi Terry, Imagine if the couple were not married at this point in time and still claiming their own properties as their PPORs (i.e. not living together in either of them). They could sell them to each other and not pay any CGT. They would, of course, have to pay stamp duty on each of the...

Hi Dazza, Thanks so much for your detailed reply and sorry it's taken me a while to get back to you. Flat chat with work at present. Sipping decaf here (red wine...so not!) So the IP 100% owned by you at this stage was similar to our current PPOR in Prahran, i.e. at that point you...

Hi Jason, Thanks for posting the details of Authorisation Number 1011466416163. I've read it a few times but not being a legal eagle, not 100% sure I understand it correctly. My understanding is that the couple each had their own PPORs, which they sold (transferred) to each other to...

Hi again Dazza, How come your wife had to pay CGT on the sale of the original PPOR to you? Was this because she had already nominated the IP you moved into as her new PPOR?

Hi Dazza, I'm not sure I see the difference between your situation and ours. Our situation: The house we live in is jointly owned worth around $1 mill (with $90k loan). Husband buys me out ($545) by paying me 50%. No stamp duty as in Vic. Husband will then have sole ownership of...

Hi Terry, Thanks so much for clearing that up.

Hi Terry, I wonder if you can clarify what you mean by "full value", "asset protection" and "tax deductability". Many thanks.

Hi Aaron, Thanks so much. So, does this mean a "sale" from wife to husband of half share in the PPOR is also considered to be a "transfer", and does not stamp duty? Many thanks.