Hello everyone,
My husband and I have just gone under contract on my/our first home...
My husband used his FHOG/payslips when he was about 22 to help his parents into a house and went on the title with his mum. A couple of years ago, he transferred his share of the house over to his dad.
Now we've saved up enough of a deposit to get into our own place. I heard that putting 99% ownership in my name and 1% in his name might reduce stamp duty it'll be my first home.
And when should we have paid CGT for the transfer of ownership to his dad?
My husband and I have just gone under contract on my/our first home...
My husband used his FHOG/payslips when he was about 22 to help his parents into a house and went on the title with his mum. A couple of years ago, he transferred his share of the house over to his dad.
Now we've saved up enough of a deposit to get into our own place. I heard that putting 99% ownership in my name and 1% in his name might reduce stamp duty it'll be my first home.
And when should we have paid CGT for the transfer of ownership to his dad?
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