Thanks Terry,However in layman's terms, is duty – Stamp Duty & if so what about GST?So if I understand the above SD is payable on the value of the Option, however I can't work out what amount it would be due on, is it the value of the land, the option fee or the option assignment price?So I would appreciate it if you could advise based on the…[Read more]

Thanks Terry,I've read that legalese summary, which doesn't clarify what was payable by the Option holder upon assignment of the Option Agreement to the actual purchaser, from the vendor + the laws have been amended since this case, so it would appear not that relevant to 2010 situations.I would apprecaite it if anyone could clarify what is…[Read more]

Sorry, I meant that neither the lawyers, account & developer can agree, they all give different answers. Regards,Sarah

Hi Paul,So if I understand your response to Mookii above, if I have a call option (one where I can opt out of the deal) I pay Stamp Duty on the Option Fee, which in my case was $1.00, I'm in Victoria & so is the land.The question I have is when I assign the Option Agreement what do I pay & what on?Do I pay GST on anything?Do I pay Stamp Duty on…[Read more]