Awan Hammad

    Hi Phuong


    Thanks, I am not sure I fully understand all the issues.

    Questions I have as a starting point are:

    1) If property A is owned by the Trust why was it not in name of the trustee of the trust (the husband)?

    2) Is property B now owned by the Trust?

    3) How did they transfer property A out of the Trust & property B into the Trust? Was stamp duty paid & were they properly transferred at market value?

    4) Was property B a residential or commercial property? (If residential do we have a breach of section 66?)

    5) Was there a capital gain on transfer of property A?





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