Spousal Transfer

Transferring a share of property between partners, most commonly when one party takes over the family home after separation. Every state and territory offers some form of duty relief where the transfer is between spouses or de facto partners, but the conditions differ and usually depend on the transfer being made under consent orders, a court order or a binding financial agreement, and often on the property being the principal residence. Confirm the current requirements with your state revenue office and your lawyer before committing, and expect to refinance the loan into one name as part of it.