Oct 4 2015, 09:40 PM
QUOTE(lansi_raju @ Oct 2 2015, 02:06 PM)
Good day all experts,
A property is owned by X & Y. Loan still left around 100k, loan owner is X & Y too.
Now X wanna sell/transfer to Z. So end result will be Y & Z.
And Z would like to take up a new loan for the 100k amount.
From this matter. There will be 2 methods to do the transfer process
1. Love & Affection
2. S&P
From what I've researched & asked around.
1. Love & Affection
Pros: Lesser stamp duty/lawyer fees
Cons: ??
2. S&P
Pros: ??
Cons: more expensive for stamp duty/ lawyer fees
Can anyone suggest which is the best method to do so?
Im open to all opinions & PMs are welcome too
Love & Affection Cons- Future if you wish to sell within 5 years, RPGT would be more compare to S&P as there is full gain on selling price if you sell in future.A property is owned by X & Y. Loan still left around 100k, loan owner is X & Y too.
Now X wanna sell/transfer to Z. So end result will be Y & Z.
And Z would like to take up a new loan for the 100k amount.
From this matter. There will be 2 methods to do the transfer process
1. Love & Affection
2. S&P
From what I've researched & asked around.
1. Love & Affection
Pros: Lesser stamp duty/lawyer fees
Cons: ??
2. S&P
Pros: ??
Cons: more expensive for stamp duty/ lawyer fees
Can anyone suggest which is the best method to do so?
Im open to all opinions & PMs are welcome too
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