Hi all. I have gone through old threads in this forum and can't seem to be able to find a straight answer.
Scenario: Need to convert PPOR (my own name) to Investment Property. Value $450k. Loan $250k. I am thinking to sell/transfer it to wife on market value and re-gear the property to 90% (ie $405k) and use the funds towards our new property. Will this exercise attract stamp duty in VIC?
Scenario: Need to convert PPOR (my own name) to Investment Property. Value $450k. Loan $250k. I am thinking to sell/transfer it to wife on market value and re-gear the property to 90% (ie $405k) and use the funds towards our new property. Will this exercise attract stamp duty in VIC?