While agreements between vendors and buyers are a common reason for title transfers, there is a range of other ways that this might occur. Parents might want to legally gift a property to their children or maybe you’ve had land left to you in a will.
Making sure that property is legally transferred into a new owners name is essential.
Our professional conveyancing service can arrange all these forms as well as inform you about taxes and fees. We will ensure that the process is a stress-free success, leaving you to enjoy your new land.
There are many reasons why someone might transfer a property to another person. Each circumstance comes with its own process, and that’s why it’s so critical to seek advice.
People might want to start a land transfer if:
Property transfers don’t just happen. There are legal requirements and steps that need to be taken. Most of the time, you will be unfamiliar with the legal documents involved and incorrect transfers can result in long, costly processes.
You should contact us as soon as you’re considering land transfer. We help you by:
One of the most pressing questions that people face is whether or not they will have to pay stamp duty. When you buy a property, this is usually one of the largest upfront costs. When it comes to property transfers, your stamp duty liability will depend on your situation.
If you have received land as a gift, you will attract stamp duty unless specific exemptions apply. On the other hand, this tax is usually not paid if titles are being transferred because of a relationship breakdown. Check out the Victorian State Revenue Office website for more information.
We can help you to understand your situation and determine whether or not you are eligible for concessions.
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