on 07-09-2018 02:42 PM
Husband owns the property solely under his name.
I'm adding his wife to the title of their principal place of residence as tenants in common in equal shares.
No money is changing hands.
1. Would you mark the Transfer as 'without monetary consideration and change in manner of holding'?
2. In the Transfer section its mandatory that I insert a market value. Since this type of transaction is exempt from duty in NSW, I do not require a valuation. Can I just estimate the market value so that I can insert a value? Or is there something else I can type in to fill this section?
on 11-09-2018 08:00 PM
Thank you for your question.
Hope this helps.
on 09-05-2019 10:25 AM
Has this matter been resolved or updated in pexa? There are instances where no valuation or stamp duty is required and we are therefore unable to proceed on pexa this way. I have spoken to land titles who agree no valuation or market value should be required.
Is this going to be updated?