Where do you start when it comes to an amicable family or matrimonial property transaction – let us give you a few pointers:
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- Check with your accountant – especially when it comes to the mode of holding of that property. Their may be a tax reason for your property to be held in only one person’s name. EG. Asset Protection
- If you or your parent receive Centrelink payments with Centrelink to ensure that there will be no impact on your current Centrelink payments
- Check with the bank – adding or removal of a person from the title can heavily impact the way your loan has been structured. Give your banker or the bank a call to ensure you can change the title.
- Some matrimonial or family transfers can be exempt from stamp duty – we can help advise on eligibility.
At Lyon Conveyancing, we are always happy to have a chat on how to transfer a property and ensure our clients can have a smooth transaction. Give us a call if you ever need any clarification on a Family or Matrimonial Transfer.
Lyon Conveyancing always here to help you with your property needs.