Transfer of ownership

2 scenarios

1. You own property 400k value in joint names 50/50 out right and transfer ownership to spouse not married/ married

2. Property is 400k 50k loan in joint names 50/50 change ownership to one spouse not married/married

How much stamp is do you pay? Do you pay stamp duty on 400k or 50k loan?

Both scenarios are in qld

 

It is based on the value of the share transferred. Loan is irrelevant.

$200,000 x rate.

 

http://amun.osr.qld.gov.au/sap/osrqld/wd_tfr_calc_com?WDDISABLEUSERPERSONALIZATION=X#

50% of $400k property (not PPOR) duty is $5,425

 

thanks guys, what if its 90% ownership to one spouse and 10% to the other spouse

and the 90% was paying out the 10% spouse would it only be stamp duty on the 10%?

 

based on the value transferred.

 

ok cool cheers