All Topics / Creative Investing / When is stamp duty payable on a VF contract?

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  • Profile photo of lazzalazza
    Participant
    @lazza
    Join Date: 2007
    Post Count: 6
    August 23, 2007 - 3:01 am

    Hi All,
              Was just wondering, as the purchaser of a home under vendor finance in Vic, when are you liable to pay stamp duty on this transaction? Also, does this remain the same if you are eligible for the FHOG? Thanks.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 23, 2007 - 10:43 pm

    Hi

    I did some wraps a few years ago in VIC and the stamp duty was only payable on settlement. Things may have changed since then though. Same if applying for the FHOG too.

    In NSW it is different, stamp duty is payable within 3 months of exchange of contract.

    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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