Budget Update Notice: The 2026/27 Federal Budget contains proposals that may affect the information in this article. As at the date of this notice, these are proposed measures and have not yet passed into law. We are reviewing and updating our content as the legislative process progresses. If you are making a decision based on any of the matters discussed here, please contact us for advice that reflects the current and proposed position.
The transfer of property from one joint tenant to the other joint tenant will trigger CGT and stamp duty issues. This is because the other joint owner will increase their ownership by the interest of the other owner.
There may be a CGT exemption if the property is your main residence. Furthermore, some states provide for a stamp duty exemption for your main residence. However, if it is an investment property, or not your main residence, then CGT and stamp duty will be triggered.
If you’d like assistance transferring your interest in a joint tenancy, call us on 1300 654 590 or email us to speak to an experienced lawyer.
The information contained in this post is current at the date of editing – 13 August 2025.
