Ownership Transfer for Owner Occupied Property and Subsequent Conversion to Investment Property

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(Newbie)Newbie

7 May 2025

Hi all,

My wife and I jointly own a property we are currently living in. Below is what we plan to do.

we currently have no mortgage on this owner occupied property. I would want to do a mortgage on this property and use the proceeds buy the 50% ownership from my wife.
we will then move out of the current property and convert it to an investment property that is 100% owned by myself.

My questions are:-

I understand that the transfer of ownership is not subjected to CGT. But does it attract stamp duty?
Is the mortgage interest tax deductible after i rent out the property?

Thanks!

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