on 12-11-2018 11:21 AM
We are transferring property that is currently registered in the trustee's of the bankrupt estate name, back to the bankrupt.
Can this transfer be completed on PEXA?
on 07-02-2019 03:27 PM
I have a similar query; can I transfer a property that is currently registered in the trustee's of the bankrupt estate name to a purchaser.
on 07-02-2019 03:52 PM
Yes - there ought be no reason why you cannot Transfer land in PEXA where the PoT is in Capacity as Trustee in Bankruptcy.
PLEASE NOTE: In the past, LUV sent PEXA an indicator on some titles which caused PEXA to highlight and communicate that a title is valid for all dealing types except Transfer of Land.
Please let me know if, for the title you are dealing with, this message appears. I will need to ask LUV to remove the indicator from the title.
Please let me @GeorgePolus know how you go.
Hi Ashlee, I am interested how you dealt with the stamp duty issue. As I understand it this would not be a DOL transaction and would need to be lodged for determination. Doesn't this mean you can't proceed on PEXA? I have one that is reverting back from Trustee to the discharged bankrupt, and that is what we were told to do, ie. paper transaction due to stamp duty.
Would be great to hear how you proceeded. Thank you.
For everyone's reference, our recent transfer involving a Trustee in Bankruptcy was effected as follows:
Hope this helps!