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  1. Terry_w

    Spouse transfer finance options

    Its more than tax law that is needed. The adviser needs knowledge of Bankruptcy law Corporations law conveyancing acts succession asset protection litigation and even family law etc as an example, what could happen if you transfer title to your wife, you lend her the deposit and then...
  2. Terry_w

    Spouse transfer finance options

    Whether spousal transfer is worth doing or not will depend on the figures and the circumstances. There will be costs involved for legal advice conveyancing loan exit and entry fees and hassle. Also consider that you may not need to do it now but could do it in the future after there has been...
  3. Terry_w

    Spouse transfer finance options

    Greg raises a good point about the wife being invovled in business and asset protection. This is why you need specific legal advice - from a lawyer - as even if you transfer to the wife and she is not involved in the business there is a legal concept known as a constructive trust - if the...
  4. Terry_w

    Spouse transfer finance options

    These are legal questions a broker wouldn't know the answers to. You need to speak with a lawyer and a tax adviser (could be the lawyer or an acccountant). Market transfer as if to a third party - which you wife is. Full market value, full contracts of sale, legally binding. Seek advice on...
  5. Terry_w

    Spouse transfer finance options

    Seek legal and tax advice. If she doesn't buy your house for full market value there will be no tax benefit. Iff the property is in VIC it may be nominal stamp duty. There have been posters here before who have gone though the process and did it in a way that no interest is deductible at all...
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