A property sales and purchase agreement will be required to sell a property from a couple's name to their trust. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. Hi AnonYou would have to check with a lawyer in your province. msg = resp.msg; Rent would possibly be a little less than FMV, being enough to cover the mortgage payment. However, if you wish to add your spouse to your property title, then the process of changing property ownership in New Zealand might be more complicated than you think. The IRD has specific reporting requirements for trusts which have come into effect in 2022. Seeing a lawyer before a problem gets too big can save you anxiety and money. } Usually one of these purposes is to make payments from the trust property to people (called beneficiaries). Articles T, //
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