on 23-11-2021 03:26 PM
on 23-11-2021 03:26 PM
I need to transfer an interest title (containing 1 of 2 shares in the property in question) to a beneficiary of a will.
My understanding is that interest titles can't (or at least couldn't in the past) be transferred by a "standard" transfer in PEXA, and need to be transferred using a paper transfer lodged in PEXA pursuant to s 104.
Is this still the case? Or is it now possible to deal with an interest title in PEXA by way of a "standard" electronic transfer of land?
Thanks,
Erika
on 25-11-2021 04:16 PM
on 25-11-2021 04:16 PM
Hi Erika,
You are correct, the way to deal with an interest transfer is by lodging paper docs via S104.
Everything you need to know about these type of transactions can be found in this article.
I've also sent you an email including my number if you wish to discuss further.
Thanks,
John