First Home Buyer Relief
Trustee parent seen as guardian
A parent concerned to provide a permanent residence for an adult child suffering from a mental illness has been able to use the first home buyer’s entitlement and stamp duty relief.
The child had not previously held any interest in real estate and the purchase price was below the stamp duty threshold. The trustee parent was held to be a guardian for the purposes of the grant.
Contact Blackwell Short Lawyers if you are in any doubt about your rights or liabilities concerning this article.