The State of Victoria recently announced a suite of housing law reforms in the May 2017-2018 budget.
From 1st July 2017, there will no longer be a stamp duty exemption for the transfer of properties between spouses for investment properties (the exemption will still remain for the principal place of residence). Therefore there exists a small window of opportunity to restructure any family investment affairs however as with any planning, the Capital Gains Tax (CGT) consequences will also need to be considered for investment property transfers.
Discover all seven new law reforms property investors and first home buyers need to know and contact DE to find out how we can help you benefit from these changes.
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