I am after your kind expert advice. My accountant (not a property specialist) has advised that I sell/transfer my IP which is under my name only and fully paid off to my husband. Thereby he will take out a loan which will then be tax deductible. We will then pay off the mortgage on our PPOR. He has advised me that in Victoria that there is no stamp duty involved in such a sale???
IP would be worth $280 - 300 K
PPOR has a 185K mortgage
I didn't think that this actually possible as I would have done it in the first place, but I am happy to be wrong!
Any comments????
IP would be worth $280 - 300 K
PPOR has a 185K mortgage
I didn't think that this actually possible as I would have done it in the first place, but I am happy to be wrong!
Any comments????