Hi everyone.
I have an IP in Vic. I am in a situation where my mother is interested in purchasing half of the property. I understand that stamp duty would be payable, but what other fees and charges, legal issues, would there be?
I know there will be the breakout cost to get a new loan, with both of our names on it, is there anything else we should consider?
I have only owned this property in my name for 1 year, previously it was the ppor for my ex and myself for 5 years, in both names. Will CGT be applicable?
Any advice at all would be so helpful!
I have an IP in Vic. I am in a situation where my mother is interested in purchasing half of the property. I understand that stamp duty would be payable, but what other fees and charges, legal issues, would there be?
I know there will be the breakout cost to get a new loan, with both of our names on it, is there anything else we should consider?
I have only owned this property in my name for 1 year, previously it was the ppor for my ex and myself for 5 years, in both names. Will CGT be applicable?
Any advice at all would be so helpful!