Thanks for your advice Terry, Paul and Richard,

Much appreciated.

Liam..

Thanks Terry & Richard,

I would really suspect that the duty would be applicable to both transactions, however finding that ruling on the NSW OSR website has now cast a doubt in my mind.

Liam..

Thanks for the Response Paul,That is really useful information. Do you wait for the OSR to issue you with a land tax assessment or do you send a variation to ownership form in once you have on-sold the property under an instalment contract to a new owner?Thanks again,Liam.