Taking a name off a title without paying stamp duty QLD

Hi

My ex and I bought a house in both our names last February. We are separating and she wants the house in her name only. Is there a way to do this without having to pay stamp duty?

Cheers, Cam
 
Hi

My ex and I bought a house in both our names last February. We are separating and she wants the house in her name only. Is there a way to do this without having to pay stamp duty?

Cheers, Cam

Yes. Duty would be usually exempt if the commissioner is satisfied that the transfer is a result of a marriage or defacto relationship breaking down.

CGT can be exempted too, but watch out as the person receiving the property will inherit any gain from the date of purchase.
 
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