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that sounds right to me assuming the property is owned outright otherwise there will also be bank fees to exit the existing mortgage and to create a new mortgage. so the child would pay stamp duty on the property valued at market value. the parents would pay cgt on market value - cost...

Hi all, Just wondering whether anybody else has experienced a similar situation in transfering property between family members. My parents want to transfer a property to me as a "gift". I understand from their perspective that this will be a CGT event and their disposal price will be...

you're spot on MJK, thanks for the tip. this is a link to the tax ruling: ATO ID 2002/363

hi mjk, thanks for replying. so you're saying that the loan can be under joint names, and if we use the funds to purchase shares under the name of my wife then my wife can claim 100% of the interest? kefa

hi guys, my wife and i are in the market for a house and i was considering getting the st george portfolio loan. the main reason i'm interested in this loan is that we have an active portfolio of shares and once all our funds go into the mortgage i still want access to quick funds to purchase...