Thursday, August 26, 2010

Stamp Duty. How much do I pay?

We will calculate this for you.

Stamp Duty is assessed at differing rates, depending on whether the property is:-

A. Your first principal place of residence;
B. Your Principal place of residence;
C. An investment property; or
D. Vacant land.

Concessional rates are available if the property to be purchased is either A. or B. above, provided you intend to reside in the property for a continuous period of not less than twelve months. The starting date of this twelve month period is from the date nominated by you. This nominated date must be no later than twelve months from the Settlement date.

The concessional rates are not available if the purchase is an investment, is vacant land or if the property is being purchased under a Company Name or Trust.

Once you tell us your intentions we will be able to calculate the correct Stamp Duty payable by you.

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