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  1. Terry_w

    The Cost of Changing a Name On A Contract

    depends on the state. In NSW duty of 0.6% on the value of shares. Off the top of my head I don't think the shares would be valued by the inclusion of the property until settlement, but I would have to check the wording of the duties act.
  2. Terry_w

    The Cost of Changing a Name On A Contract

    Best to get the deposit back and have the trust pay its own deposit.
  3. Terry_w

    The Cost of Changing a Name On A Contract

    If you withdraw they can sell to anyone. Asset protection is weakend, because you have entered a contract but the trustee may complete the purchase so there are various arguements that could be used to say the property that your's. Have you sought legal advice on this side of the transaction...
  4. Terry_w

    The Cost of Changing a Name On A Contract

    Get legal advice. What are the stamp duty implications and asset protection implications - signed in your name, but now substituting a trust will weaken any asset protection. If the seller is in Bali how is he going to enter a new contract? He will have to be bothered. And if the contract...
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