Hi Guys,
Wondering if anyone can help out with this one.
I currently own a property in a trust. I am looking to sell 80% of this property to an investor.
Can anyone explain how I can approach this. Does the trust sell the property to me and the investor as a Joint venture 80/20? This would probably cause me to pay stamp duty again for my 20% share.
or
Can the trust bring in the investor as a 80% shareholder of this property. If this can be done how is the property title amended to show both parties?
Thankyou
John
Wondering if anyone can help out with this one.
I currently own a property in a trust. I am looking to sell 80% of this property to an investor.
Can anyone explain how I can approach this. Does the trust sell the property to me and the investor as a Joint venture 80/20? This would probably cause me to pay stamp duty again for my 20% share.
or
Can the trust bring in the investor as a 80% shareholder of this property. If this can be done how is the property title amended to show both parties?
Thankyou
John