Hi guys,
just wondering about stamp duty when on selling a property within the original setlement period. Do you have to pay stamp duty as well as the person you are selling the property to, or is it just the person you on sell to considering that you never actually own the property????Hi Bird
Not sure where you live but it most states once you sign a contract you will be liable for stamp duty ie it will have to be paid twice.
If the contract is between your vendor and your purchaser then there is only one lot of duty payable but you lose control of the deal (and it is illegal to do so to avoid duty if contracts already exist)
cheers
markk
Happy Hunting
http://www.kentscollections.com
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