All Topics / Help Needed! / Stamp Duty

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  • Profile photo of ThePainterThePainter
    Member
    @thepainter
    Join Date: 2009
    Post Count: 4
    May 21, 2009 - 12:10 am

    hello everyone, i'm looking to buy a block of land if i buy now the land wont be ready to build on till this time next year as the is no road or anything like that built yet. Do i still need to pay stamp duty on this land?

    cheers…

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    May 21, 2009 - 1:15 am

    Will vary from State to State.

    In Qld for example SD is payable 30 days after you go unconditional even if settlement is a year away.

    Talk to the OSR in your State.

    Richard Taylor | Australia's leading private lender

    Profile photo of ThePainterThePainter
    Member
    @thepainter
    Join Date: 2009
    Post Count: 4
    May 21, 2009 - 3:20 am

    Thanks for the advice mate.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 22, 2009 - 1:38 am

    I think in NSW it is 3 months or on settlement, which ever is sooner.

    I just bought some land off the plan in tasmania and it settled about a year after exchange and no stamp duty was paid till settlment

    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 4 posts - 1 through 4 (of 4 total)

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