Me and my ex wife are separated for more than a year. We would like to settle our assets amicably. I have few doubts though, hopefully you guys can shed some light. So we have two investment properties one in Vic and another in South Australia. Both the properties are owned jointly. I am going to transfer my share in Vic property to her name and she will transfer her share in Adelaide property to my name. Will this attract stamp duty in Vic and south Australia for respective properties And secondly as she is getting lot more equity in Vic property, she is paying me some lump-sum amount? Will this amount will be taxable?
wtf! Why would you expect some anonymous people in an online property forum to be able to advise you on legal and taxation issues relating to your divorce? okay I could say there will be no stamp duty or tax payable, but would that matter or be relevant to reality?
Thanks Terry I am taking legal Advice. Appointment is for late next week. Just thought may be you guys can shed some light. Anyways thanks
I have 2 tax tips on deductibility of interest and family law issues. See tax section Do you realise you won't be able to claim all the interest on your investment loans once her share transferred to you?
