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vittalnath(Initiate)Initiate
12 May 2024

I would like to seek your expert advice regarding transferring my fully paid investment property to my 16-year-old child. What is the best way to transfer the property? When is the appropriate time to transfer it? What is the minimum age requirement for my child to be eligible to receive the property? Also, would it be better to give it as a gift or sell it?

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1,978 views
1 replies

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Most helpful reply

YEP(Devotee)Devotee
12 May 2024

Most of your questions are not tax related and can not be answered on this forum, you need to speak with some professionals in this field.


One thing you need to keep in mind is that if you gift or sell to your child it triggers a CGT event, and market value is used when making a gift or selling for less than market value.


https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/property-and-capital-gains-tax/transferring-property-to-family-or-friends

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Most helpful reply

YEP(Devotee)Devotee
12 May 2024

Most of your questions are not tax related and can not be answered on this forum, you need to speak with some professionals in this field.


One thing you need to keep in mind is that if you gift or sell to your child it triggers a CGT event, and market value is used when making a gift or selling for less than market value.


https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/property-and-capital-gains-tax/transferring-property-to-family-or-friends

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