Is stamp duty payable when gifting a property?
Transfers from a trust to a beneficiary under the trust, and transfers in accordance with a will or letters of administration are exempt from stamp duty.
Transfers from a trust to a beneficiary under the trust, and transfers in accordance with a will or letters of administration are exempt from stamp duty.
Thanks to the automation and electronic delivery of many certificates required to be included in the section 32, it is possible in many cases to prepare a section 32 on the same day as requested. In most cases, the section 32 is prepared 1-3 days.
For an amicable transfer of property, where neither party intends to exercise any rights should the other party default, it’s generally not necessary to prepare a formal contract of sale.