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Can we sell our investment property to our daughter under…

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Hi I am Michelle...

Hi I am Michelle, can we sell our investment property to our daughter under market value in the ACT and what do we need to consider

Lawyer's Assistant: What state are you in? It matters because laws vary by location.

Hi Pearl, we are in the ACT

Lawyer's Assistant: Has anything been filed or reported?

What do you means filed or reported

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

I dont think so thanks

Submitted: 8 months ago.Category: Australia Law
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Answered in 17 hours by:
11/24/2017
Solicitor: Daniel, Solicitor replied 8 months ago
Daniel
Daniel, Solicitor
Category: Australia Law
Satisfied Customers: 5,984
Experience: Bachelor of Laws (dist) Graduate Diploma in Legal Practise. Admitted NSW Supreme Court / High Court
Verified
Hello, you can sell it for any price you so wish.
Issue is, if it is well under, the stamp duty may well be a factor, as it will be at the market, not sale amount.Please click accept and rate my service (with the stars). I am able to answer further questions after doing so at no further cost
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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