My current home belongs to myself and my brother (50/50). His name was also on the deed but back in 2013 we tried to sell the house. We thought it would be better if we removed his name - so we did. We didnt sell the house and we havent added him back on
Fast fwd to today. At the moment, only myself, wife and my parents stay here. My brother is living in a rented home
The plan is for him to move back here and for me to move out
As this house is on my name - what are my options?
1. Can I buy another home in my wifes name (to avoid stamp duty)?
2. Should we buy the new home together (me and wife) and as the new home will be my only residence - will I still have to pay SD?
3. This current home - should I just add my brother back on (and leave my name as well), so in the future, when we sell - no CGT?
4. Should I remove my name from this house altogether and just pass to my brother?
Any advice you can advise would be great
We dont want to break any laws and keep it all legit
Fast fwd to today. At the moment, only myself, wife and my parents stay here. My brother is living in a rented home
The plan is for him to move back here and for me to move out
As this house is on my name - what are my options?
1. Can I buy another home in my wifes name (to avoid stamp duty)?
2. Should we buy the new home together (me and wife) and as the new home will be my only residence - will I still have to pay SD?
3. This current home - should I just add my brother back on (and leave my name as well), so in the future, when we sell - no CGT?
4. Should I remove my name from this house altogether and just pass to my brother?
Any advice you can advise would be great
We dont want to break any laws and keep it all legit
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