Transfers
It is important that you speak with a settlement agent and/or your lawyer when settling property at the ending of a relationship. Otherwise you may need to pay A LOT more that you planned in government charges. At SETTLEMENT GROUP PTY LTD we can help in these situations.
Pursuant to a Court Order
Once a Court Order has been issued by the courts we can prepare and lodge the Transfer of Land and follow the instructions of the Courts regarding funds disbursement.
"Why Settlement Pursuant to a
Court Order will save you thousands: Couple A were getting
divorced and decided amicably to do it themselves and transfer the property from
the husband to to the wife. They organized this themselves and their settlement
agent failed to tell them that if they applied through the Courts they can avoid paying
Stamp Duty on the Transfer as the transfer is stamped "Pursuant to the
Court Order" which incurs only a $20 Stamp Duty fee.
Imagine their shock when they discovered that
they had to pay $25,000 in stamp duty .
While Couple B who had a knowledgeable settlement agent
were told to wait and apply for transfer pursuant to a
court order. This meant that only $20 stamp
duty was payable... "
SHOULD
YOU REQUIRE FURTHER EXPLANATION OF THE ABOVE OR ANY OTHER SITUATION PLEASE DO
NOT HESITATE TO CALL OUR OFFICE FOR OBLIGATION FREE
ADVISE.
Following Divorce
Once Court Orders pursuant to a Divorce have been issued we prepare the Transfer of Land and follow instructions of the orders regarding disbursement of funds
Partner Separation
When a private arrangement is made between co-owners to separate, Transfer of Land can be prepared, arrangements with banks and distribution of funds according to owners instructions.