Thanks Terry,
In the following scenario
Property purchased our company name and/or nominees in the event we can’t get finance through can our nominee (a individual person) continue with the sale and our company exit from the purchase? Do you believe that double stamp duty be liable in this instance…considering this transaction is in NSW?

Thanks Terry

Yes seems like it is dependant on which state your in doesn’t it? I’ve also heard about the need for a written agreement with the nominee before signing the contract. Perhaps worth my while seeking a second opinion?
Any other thoughts?

Cam111

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