Hi everyone
Hopefully this won't be a dumb question! Hubby and I are looking at exchanging contracts on an OTP deal near Brisbane. Completion isn't due until mid-late 2011 and a such we aren't 100% sure what structure will be most beneficial for us at settlement time. Most likely outcome would be purchasing in hubby's name. We are also looking to use a deposit bond.
Is it possible to frame the purchaser's name in such a way that we can make a final decision on the best structure closer to the actual settlement? For example, can the purchaser's name be "hubby's name and/or nominee(s)"? Are there any stamp duty implications in this regard, or any issues when applying for the deposit bond?
I hope that makes sense. Any feedback greatly appreciated.
Angela
Hopefully this won't be a dumb question! Hubby and I are looking at exchanging contracts on an OTP deal near Brisbane. Completion isn't due until mid-late 2011 and a such we aren't 100% sure what structure will be most beneficial for us at settlement time. Most likely outcome would be purchasing in hubby's name. We are also looking to use a deposit bond.
Is it possible to frame the purchaser's name in such a way that we can make a final decision on the best structure closer to the actual settlement? For example, can the purchaser's name be "hubby's name and/or nominee(s)"? Are there any stamp duty implications in this regard, or any issues when applying for the deposit bond?
I hope that makes sense. Any feedback greatly appreciated.
Angela