If you borrow to purchase an investment property, a custodian trust or bare trust deed must be set up to hold the title of the property.
Some states and territories may not require you to stamp the custodian trust or bare trust deed.
However, in NSW, the custodian trust or bare trust deed needs to stamped when you borrow to purchase an investment property in your SMSF.
Revenue NSW does not allow agent to duty stamp bare trust deed, therefore you need drop the required documents to one of the Revenue NSW offices or post them using registered mail or express post.
The duty is $500.
You will need to collect the documents as below:
To make sure the deed is stamped properly, you may need to seek professional assistance.
Should you have any questions or need any assistance, please feel free to contact us on 03 9557 4079 or by email email@example.com