A Transfer of
Ownership is where you are transferring your property from one
owner to two or similar, and is commonly used in situations
where:-
- one
person transfers ownership to two (ie husband to
husband/wife);
- two
people transfer ownership to one (ie husband/wife to
wife);
- mother
and father transfer ownership to child or children.
A
transfer of ownership between husband/wife, de facto couples, or
couples living in a same sex relationship are normally exempt from
stamp duty.
A
transfer of ownership between all other persons will be subject to
stamp duty. The stamp duty will be assessed by the State
Revenue Office based on the current market value of the
property.
If you
would like more information about how we can assist you with your
Transfer of Ownership, please contact our
office.
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