All Topics / Help Needed! / Stamp Duty Rebate on Vacant Land?

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  • Profile photo of mjamja
    Participant
    @mja
    Join Date: 2005
    Post Count: 85
    June 9, 2005 - 1:13 am

    Hey all,

    Vacant land, at least in Queensland, is classed as an investment because you can’t live on vacant land. Makes sense. :)

    However, if I build a house on it and make it my PPOR, can I get a rebate on the stamp duty?

    — MJ.

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 9, 2005 - 8:28 am

    Try http://www.fhog.info and check out your State stamp duty concessions.

    The Mortgage Adviser

    http://www.themortgageadviser.com.au
    [email protected]
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    Profile photo of mjamja
    Participant
    @mja
    Join Date: 2005
    Post Count: 85
    June 15, 2005 - 6:26 am
    Originally posted by mja:

    Hey all,

    Vacant land, at least in Queensland, is classed as an investment because you can’t live on vacant land. Makes sense. :)

    However, if I build a house on it and make it my PPOR, can I get a rebate on the stamp duty?

    An answer from my solicitor, based on the vacant land being in Queensland:

    “No, you do not get a refund and you have to pay the investment rate whether you build a house to live in or not.”

    Ah, crap.

    Oh well.

    — MJ.

Viewing 3 posts - 1 through 3 (of 3 total)

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