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Title应该没问题。但是有其它很多的事情:
Buying property in Australia in your children’s name
So, we’ve covered the process of buying property in Australia for yourself – whether you’re a local or overseas buyer. But what about buying it in someone else’s name?
There are a number of reasons you might want to do this. Some parents want to give their children an early foot on the property ladder, so they have a home to live in when they come of age. For others, the property is an investment decision.
If you’re planning to buy a property for your child, here’s what you need to know:
It is legal for a minor to own property in Australia⁴. The Title Deed will simply include ‘a minor born on…’ after their name to identify the owner of the property. When the child turns 18, this sentence will be removed upon production of a valid birth certificate and other relevant documentation at the Titles Office.
Until your child turns 18, you won’t be able to sell the property without court approval⁵. This can potentially be both difficult and expensive.
If you plan to earn rental income on the property, this will be subject to an eye-watering tax rate of around 46%. This is because it’s classified as ‘unearned income’ by a minor⁶.
As your child’s legal representative, you will be responsible for maintaining the property⁷.
You can also choose to buy property for your child using a family trust⁸. This is where one or more parents are named as trustees, until the child is old enough and control of the trust can be passed over.
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