Loading
Bruce_Sousa522(Newbie)Newbie
13 Feb 2025

I have recently purchased a property as my PPOR but as a Non-tax resident (Australian Citizen residing overseas) the plan is to move into the property. I am planning a bit for the future and would like to transfer this property to my son. I bought it for $2m in 2025, given that property prices will only increase in Sydney. My son is an Australian citizen who is also a tax resident.


What are my tax implications if I transfer the property to my son as a gift?

I've read that there's a withholding tax to the ATO of 15% but it's only towards the seller and how would the stamp duty fee be calculated as well?

2,444 views
1 replies
2,444 views
1 replies

Most helpful response

Most helpful reply

AriATO(Community Support)Community Support
24 Feb 2025

Hi @Bruce_Sousa522


You'll need to calculate CGT when you transfer your property to your son. Even though it's a gift you will use market value to work out your CGT.


You can read more about transferring property to friends and family. For stamp duty you need to speak with your relevant State govt department.

All replies

Featured articles

Renting out all or part of your home? What to include in your tax return

15 Apr 2026 · 4 min read time

How to work out your tax residency

15 Apr 2026 · 8 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1281 likes

  2. Bruce4Tax

    (Taxicorn)

    1117 likes

  3. YellowPotato

    (Taxicorn)

    340 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3397contributions

  2. Taxduck

    (Taxicorn)

    2825contributions

  3. YellowPotato

    (Taxicorn)

    897contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
Transferring property to my son as a gift | ATO Community