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There is a shop under my brother and my name. I plan to sell my portion to my brother.

Questions:
1. May u sell to him below market value to avoid rpgt?
2. May we use MOT instead of new SPA?
3. We still has house loan under join name. Whats the simple way to continue the loan under my brother one person name?
Thanks.
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1 Answer

Eugene Lee
Replied
If you intend to continue to have the loan under joint name, then you can consider option to transfer by sale of share. However, if you needed the loan to be solely under your brother, I think a new SPA is the way to go. Looking from bank's perspective, there is no reason to release 1 person from the loan. Read More
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