Transfer Property Guide

Process For Tranferring Property

  • Transferring Property
  • Provide property information
  • Property transfer price
  • Discuss transfer with your bank
  • Stamp duty & land tax implications
  • Assist you with stamp duty
  • Stamp duty exemption
  • Transfer document
  • Liaise with your bank

Finalising Your Transfer

  • Sign transfer
  • Mortgage documentation
  • Stamp duty paperwork
  • Property transfer settlement
  • Stamp duty

Process For Transferring Property

Transferring Property

Transferring property commonly involves you wanting to transfer your property to a spouse, children, sibling, trust, deceased person or business partner.

Provide property information

Your solicitor will ask you for relevant information regarding the property, the transferor (you) & the transferee (person receiving the interest in the property). This information is required by your solicitor to provide accurate advice.

Property transfer price

If required, the transferor & transferee agree on a property transfer price.

Discuss transfer with your bank

If there is a mortgage on the property then you must discuss the transfer with your bank. The transferee must also discuss the transfer with their bank & get a home loan approval.

Stamp duty & land tax implications

Your solicitor will review your situation thoroughly and then provide feedback including stamp duty payable by the transferee & land tax implications.

Assist you with stamp duty

If stamp duty is payable, then your solicitor will assist you in completing the relevant paperwork & in paying the stamp duty.

Stamp duty exemption

If your transfer is exempt from stamp duty then your solicitor will assist you in completing the stamp duty exemption paperwork.

Transfer document

If your transfer is exempt from stamp duty then your solicitor will assist you in completing the stamp duty exemption paperwork.

Liaise with your bank

Your solicitor will liaise with your bank to ensure they are ready for settlement.

Finalising The Transfer

Sign transfer

Your solicitor will either send or organise for you to sign the transfer documentation.

Mortgage documentation

If you’re discharging a home loan and/or are getting a home loan you will need to complete & sign your bank’s paperwork.

Stamp duty paperwork

As applicable, your solicitor will assist you with stamp duty paperwork. If your solicitor sends you any documentation, please sign & proceed as per your solicitor’s instructions

Property transfer settlement

You solicitor will ensure that the property transfer settlement occurs as expected. If there are any monies to be transferred, they will assist with that.

Stamp duty

If stamp duty is payable, then your solicitor will ensure it is paid as required.

Contact us to discuss your property transfer.

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