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Thanks for quick reply Terry. 1. Property is in NSW 2. No he has never lived in it before. 3. Thanks 4. Does this mean this financial year, he only pays CGT on the component he transfers to his spouse and leaving his portion to be calculated and paid (pro rata) when he sells in the future?

A friend recently got married and is planning to add his new partner to the title of an investment property and move into the the property and turn it into his PPOR (he doesn't have any other properties). My understanding is: 1) he will need to pay stamp duty for the title change 2) it will...