Hi There.
We are likely to be purchasing the house from our relatives (my in-laws) who want to downsize and we need to upsize. The property itself is based in Qld (SEQ). Is there a way to "transfer" the property whilst still purchasing it from them without having to pay "Stamp Duty" (at the present sale price we would be looking at the vicinity of $30K Stamp Duty). I understand there is a "Transfer Property" process in Qld but not too sure if this relates to us given the fact that they (my in-laws) wont be giving us the house. We will in fact be purchasing it from them.
cheers
Jeff
We are likely to be purchasing the house from our relatives (my in-laws) who want to downsize and we need to upsize. The property itself is based in Qld (SEQ). Is there a way to "transfer" the property whilst still purchasing it from them without having to pay "Stamp Duty" (at the present sale price we would be looking at the vicinity of $30K Stamp Duty). I understand there is a "Transfer Property" process in Qld but not too sure if this relates to us given the fact that they (my in-laws) wont be giving us the house. We will in fact be purchasing it from them.
cheers
Jeff