Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of Michael PackerMichael Packer
    Member
    @michael-packer
    Join Date: 2003
    Post Count: 4

    Hi there,

    I'm a new investor that has ended up with a bit of a dificult situation, I was using an agent to organise lease/options for me, but they have "gone west" with some of my money and contracts and I am left with the situation that I have a block of land, a negotiated (but unsigned) building contract and keen (vetted and finacially capable) tenant buyer but no paperwork in the middle!

    I am to work out what is best to do: a wrap, lease option, vendor finace? The main questions I have is:
    1) Can anyone tell me if stamp duty is paid at the beginning of a wrap deal or on settlement in Victoria?
    2) Does anyone have or know where I might be able to get a "pro forma" wrap contract for Victoria?

    Cheers,
    Pax

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    My experiences from a few years ago, Stamp duty is charged at settlement in Vic,

    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

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Try Lewis OBrien in Victoria. They are an experienced firm in Melbourne dealing in the Vendor Finance market.

    Richard Taylor | Australia's leading private lender

    Profile photo of Michael PackerMichael Packer
    Member
    @michael-packer
    Join Date: 2003
    Post Count: 4

    Thanks Guys,

    Much appreciated.

Viewing 4 posts - 1 through 4 (of 4 total)

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