Swapping Torrens Title property

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  • 10/04/2011 at 12:56 pm #7323 Reply | Quote
    DIDO

      We have a TT townhouse and are interested to know what happens if we are able to find someone who wants to EXCHANGE a property with us – either a direct swap or with an added cash component by one party.

      How do we register change of ownership – in the normal way?

      For stamp duty purposes for the swap: can we just declare our properties to be worth any amount we wish: eg – if it was $450K on the market but didn't sell, can we declare it a notional, say, $200K, to minimise stamp duty- because we cannot establish a current value – or is this somehow regulated?

      If it's not a direct swap and there's a cash component, presumably that would be added to the notional value of the property concerned, and stamp duty on the composite sum payble?

      Appreciate any advice on this unsual situation.

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    Reply To: Swapping Torrens Title property
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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