TRANSFER

Whole or part of your property can be transferred to a person or a trust.

If you want to transfer your property between family members you are liable for transfer duty, however these transfers may qualify for an exemption or a concession.

There is no duty payable when a transfer is completed between a married couple or de factor partners provided that the property is the family home (principal place of residence), vacant land which is intended to be used as the site for the family home and further conditions do apply.

You may also be exempt from paying duty on your matrimonial or relationship property following a break-up. To be eligible, the property must be transferred to the partners in the relationship, a child or children and a trustee for the child or children. Further conditions do apply.

In most cases when property is being transferred to a family member or a trust a valuation is required to be prepared by a certified valuer to determine the value of the land and potential duty payable.

If we act on your behalf in relation to a transfer only, we will liaise with your mortgagee and all other interested parties to finalise and complete the transfer.