All Topics / Help Needed! / stamp duty problem

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  • Profile photo of bacchubacchu
    Participant
    @bacchu
    Join Date: 2004
    Post Count: 62
    March 23, 2005 - 4:26 am

    i bought a property off the plan last year and was supposed to pay stamp duty within 12 months…i totally forgot about it and discovered it only yesterday..so i should have paid actually 2 months back..i called my solicitor he was surprised that i did not pay the stamp duty and i was all this time under the impression that he would he sending me a letter to remind me of it close to the time but that did not happen…

    Now i have to pay a fine..does anyone know what is the stamp duty fine structure in ACT ?

    Also in your cases does this happen..i mean the solicitors sending letters to remind the client of stamp duty payable closer to the date ?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 23, 2005 - 7:12 am

    Don’t worry too much. The fine will probably be only small – about 12% pa of the outstanding amount.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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