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What are the legal implications of selling to family members?

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Your Investment Property | 13 Oct 2011, 12:00 AM Agree 0
What are the legal implications of selling to family members? My wife is a real estate agent, so she has a fairly good understanding of what’s involved, but we’re not sure if we should transfer the title or complete a normal contract. Is there any way to avoid excessive fees and charges, stamp duty, capital gains, etc?
  • Hudson Holland | 13 Jul 2012, 04:49 PM Agree 0
    Question.If a spouse independently purchases a property without the husbands knowledge, holds it for several years,and then transfers it to the daughter without the husbands knowledge,can he make any claim.? He contributed indirectly to funding it.
  • Vanessa | 17 Aug 2013, 02:26 PM Agree 0
    Just need to know if father transferred property to me for $350,000 (consideration) would I have to pay stamp duty on this amount or agents valuation of $550,000. (property will be as investment)

    Also if I was to sell the property a few years down the track would Capital Gains tax start to be calculated from the $350,000 or the $550,000.

    We don't know if its better that he sells the property, gives me the proceeds and I buy another investment property, PLEASE HELP!!!

  • Jo Kinnane | 15 Apr 2014, 09:00 PM Agree 0
    My husbad bought a house for our daughter as she would not get a mortgage - she lives on a disability pension. We would like to give her and her husband the house. No money to be paid to us. What do we ave to pay for stamp duty etc?
  • nombuso | 15 Jun 2017, 11:32 PM Agree 0
    family house is being sold by one of our cousin, and the other , cousin was in the house , and he did not know that the house is sold he only saw when the sheriff came to ,make him to leave a house . and we tried to find the letter for the house is no long in the house , which is wright way to solve this as we dont have paper work
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