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  1. albanga

    Buying from brother under market value.

    Hey Paul, I Spoke to you on the phone the other day regarding this situation. We are still going through the process of getting the subdivision through but once that is done I will give you a call before going to market. If you recall our conversation you thought we would only need to pay GST...
  2. albanga

    Buying from brother under market value.

    How do I calculate the stamp duty under the following situation? The house was originally purchased for 586 and with closing costs it came to 619, so with my half I have already paid roughly 15k stamp duty. A part I forgot to mention is we are subdividing the land and selling the rear after...
  3. albanga

    Buying from brother under market value.

    Thanks Jamie Any particular lenders more inclined to do this?
  4. albanga

    Buying from brother under market value.

    Another question for the experts. In about 6 months I will be buying my brother out of his share of our 50/50 PPOR. Unless the market falls the sale price is going to be under market value. I estimate value around 520k based on comparable market sales and my purchase price is going to be 460k...
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