Transfer of Land Ownership
We are specialists in the Transfer of Title Victoria and can provide you with any type of information you need before deciding to proceed with your transfer.
All of our transfer of title Victoria documents can be completed on your computer or mobile device, which simplifies the process and eliminates the need for printing and scanning.
Our professional staff will provide you with all the knowledge you need to make your transfer of title Victoria effortless, easy, and stress free.
If you would simply like to get a name changed on a title, we can guide you through this process.
If you would like to complete a transfer of title Victoria, we are specialists in this area, and some of the main types of title transfers in Victoria are:
- Spousal Transfers
- Related Party Transfers
- Family Law Transfers
- Transfers Involving Trusts
- Ownership Share Transfers
- Deceased Estate Transfers
- NICO transfer of title Victoria
Spousal Transfers
Click here for SRO Video - Does your relative pay stamp duty if you transfer a property to them
In Victoria you can legally transfer property to a spouse or de facto partner without having to pay stamp duty. This means that a transfer of title to someone with whom you are in a genuine domestic relationship with, or are legally married to, irrespective of gender, is free from stamp duty.
We can apply for this stamp duty exemption for you in the PEXA workspace when completing your transfer of title Victoria. If you would like more information please see the State Revenue Office link Spouse and Partner Exemption
Related Party Transfers
This is a transfer of title Victoria between related parties, such as a parent and child or siblings and other relatives.
Stamp duty is calculated on the consideration (the sale price) or market value of the property, whichever is greater. But we will make sure you pay the minimum amount of stamp duty by applying for any discounts or exemptions that are available.
We can also give you information on the potential impact of capital gains tax (CGT) that may apply to your transfer of title Victoria, and some of the ways it can be avoided or reduced. Click here for ATO Link - How much Capital Gains tax do I need to pay
Family Law Transfers
These transfers occur unfortunately due to the breakdown of a relationship, such as a divorce or separation. We can guide you through this process and remain impartial to ensure all parties receive the same level of service and support throughout the conveyance.
Trusts
There are over twenty types of trust transfer of title Victoria, but we can help you transfer property to, or from, any trust related company or individual acting as trustee of a trust. Some of the most common trust related transfers are:
- Discretionary Trusts (family trust)
- Fixed Trusts
- Unit Trusts
- Self-Managed Super Funds (SMSF's)
The State Revenue Office provides an exemption on stamp duty when a property is transferred from a trustee of a SMSF, to a member of that SMSF click here , and for a list of the other potential stamp duty reductions or exemptions click here .
Ownership Share Transfers
This type of transfer is required if a proprietor on title wishes to either increase or decrease their share, or change to a different type of share holding. The different type of property share holdings are shown on the bottom of this page and we can help you with any type of property share, or share type transfer.
Deceased Estate Transfers
Where an owner of a property has passed away, the property share that person held can be transferred to the surviving proprietor.
- If the Property ownership is held as joint proprietors, we can assist you with the transfer to the surviving proprietor by creating and lodging an "Application by surviving proprietor" on your behalf in the PEXA workspace.
- If the ownership structure was tenants in common, then we can can assists you with the transfer, but will need to work with you solicitor and follow the guidelines of the probate.
NICO Transfer of Title Victoria
NICO stands for "Not In Common Ownership" and it is a title that is created from a lot on a plan of subdivision, or consolidation, where the land is owned collectively by different registered proprietors of former titles.
Transferring a NICO title as a plan of subdivision or consolidation does not transfer proprietorship, it is necessary to resolve the proprietorship of the NICO titles by means of a transfer of title Victoria. When a NICO transfer of title, all registered proprietors of the new lot must join in as transferors.
Please contact us for any related NICO transfer of title Victoria and also see our page Subdividing Land for more information on the subdivision process in Victoria.
Share Holding
Before completing a transfer of title, it is useful to know the different types of property share holdings. The way in which property in Victoria is held will either be as a Sole Proprietor, or as a Joint Proprietor, or Tenants in Common.
The meaning of this is as follows:
- Sole Proprietor - This is the shareholding type when only one person owns 100% of the property.
- Joint Proprietors - This is often the choice of couples as each owner has an equal share of the property. Also known as Joint Tenants or Joint Ownership, means that if one of the owners of the property dies, the property is automatically transferred to the surviving proprietor irrespective of what is stated in their Will. The shareholding here must be 50/50.
- Tenants in Common - This is also know as "Joint Tenants" and usually the choice of multiple or unrelated parties and means that the shareholding spilt can be either equal or unequal. Upon death a person’s property share can be transferred to whoever they please, so long as it is stated in their Will.