To further our telephone conversation regarding the transfer of title, you mentioned your client wants to transfer a single house to her son and there is no mortgage.
The price quote is:
$200 plus approximately $85 (registration & Land Title Office fee) = around $285 plus tax
Regarding for the property transfer tax, if it is transfer of title from mother to son and the property being transfer is the principal residence of either of them for at least 6 months and this property will contiune to be the principle residence, then there should be an exemption
提醒幾點,
能不能省這個錢, 還是個【?】
1. 孩子到了18歲不一定聽您的。 也許他去美國上學,
這房子拿去出租。 不要說孩子, 您自己這個房子拿去改出租也是有可能的。
2. 稅法可能改變。
3. 律師的意見 不等於 稅務局的意見。
每個TRANSACTION 都有可能被挑戰。
民眾說十幾年前問過律師可能沒有什麼說服力。
沒有什麼是保證的。
這個需要孩子跟自己一直一個屋簷下生活,自己和孩子都是以這個物業作為principle residence。
孩子18歲基本都要獨立出去了吧?