Acknowledgement of Trust – ‘AFTER the Trustee buys’ (Deed of Confirmation)
Acknowledgement of Trust defeats Stamp Duty Office – again! You buy a property in your name, but someone else provides the funds. You hold it as a ‘bare’ trustee for the true owner, the beneficiary. In the rush, you forget to sign a Declaration of Trust before purchase. Years later, the accountant or the tax … Continue reading Acknowledgement of Trust – ‘AFTER the Trustee buys’ (Deed of Confirmation)
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