Hey guys, not sure where this thread belongs, but i thought this one seemed appropriate. I have seen a similar post on here, but it was for qld.
My fiance have had a very friendly breakup, and i we have come to an agreement that i can buy her out for $50,000. After doing a quick few calculations, i have seen i can continue to service the loan now as is...buuuut...
A friend has told me i may need to pay CGT again as its seen as im buying her half of the house out. Is this true?
Also is there anyway i can just remove her name off the loan? As i have heard if i have to refinance i will have to pay the CGT aswell.
So my real question is. We have an agreement between us of me giving her $50,000 and she will go and do her thing. Whats the best way i should go from here to formalise it all at minimal cost?
Thanks soo much for anyones advise. Its going to be a little tight for awhile, so any money i can save on fees etc would be greatly appreciated.
starting now (again lol)
My fiance have had a very friendly breakup, and i we have come to an agreement that i can buy her out for $50,000. After doing a quick few calculations, i have seen i can continue to service the loan now as is...buuuut...
A friend has told me i may need to pay CGT again as its seen as im buying her half of the house out. Is this true?
Also is there anyway i can just remove her name off the loan? As i have heard if i have to refinance i will have to pay the CGT aswell.
So my real question is. We have an agreement between us of me giving her $50,000 and she will go and do her thing. Whats the best way i should go from here to formalise it all at minimal cost?
Thanks soo much for anyones advise. Its going to be a little tight for awhile, so any money i can save on fees etc would be greatly appreciated.
starting now (again lol)