CGT - Add spouse to IP title and sell it within 6 months

Question

Bruce4Tax · Accepted Answer

Assuming IP = Investment Property - when adding my name to title (no money changing hands), will this trigger CGT? This will be a disposal of 50% of the property for market value, and may also result in stamp duty - depending on the state. https://www.qld.gov.au/housing/buying-owning-home/advice-buying-home/transfer-duty/how-much-you-will-pay/exemptions-from-transfer-duty/home-property-owner-exemptions - when selling the property, are we going to share the capital gain (50/50) Your capital gain would only be the difference between your deemed cost base, as above, and sale value. - and will CGT discount 50% only apply to my husband since I have it less than 12 months? Yes. This is not going to save any CGT.

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