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  • Profile photo of Snickers_6180Snickers_6180
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    @snickers_6180
    Join Date: 2011
    Post Count: 6
    June 28, 2012 - 11:42 pm

    Thanks for your advice Terry, Paul and Richard,

    Much appreciated.

    Liam..

    Profile photo of Snickers_6180Snickers_6180
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    @snickers_6180
    Join Date: 2011
    Post Count: 6
    June 28, 2012 - 8:33 am

    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..

    Profile photo of Snickers_6180Snickers_6180
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    @snickers_6180
    Join Date: 2011
    Post Count: 6
    June 30, 2011 - 5:44 am

    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.

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