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  1. Tizzy

    looking for creative ways to help subsidise children's first homes

    Good luck with the whole "kids leaving home at 18" Dazzling. Thats not been my experience. Very different from our parents day. If you do a degree at Uni now it often takes 4 years and then one degree isn't always enough. It seems more common now for kids in mid 20's to be in the family home and...
  2. Tizzy

    looking for creative ways to help subsidise children's first homes

    It may be worth a new question in the accounting and tax forum Ricardo. Especially if this is some law that can be open to interpretation. Be good to get some tax accountant comments.
  3. Tizzy

    looking for creative ways to help subsidise children's first homes

    Hi Ricardo. Yes it is so apparently. Settlement agents are the place where same surname "exchanges" get identified. How I understand it is that the Settlement Agent notifies the Valuer General when the same surnames crop up. A valuation is done and the buyer must pay increased Stamps when the...
  4. Tizzy

    looking for creative ways to help subsidise children's first homes

    Carol I'm all for helping ones children get started. We do just that by joint venture investing with ours. There is an issue to consider if you sell them a house. You may be subject to paying CGT for the true value of the property that you sell to your child. A friend and her husband sold their...
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