Can anyone help with the Stamp duty bracket/range for SA and is it deductible?
Hello Agent 69,
There is a section on the PI home page called ‘Web Links’ if you visit here, you will have a number of links which will be able to help you. There are a few broken links which are currently being investigated.
To answer your question about stamp duty, there is this link from infochoice which is v.useful.http://www.infochoice.com.au/banking/tools/stampduty.asp?L=0&CategoryID=90
It has the option of entering your state and calculating stamp duty. I hope this helps.
As a newbie, I’m not sure if you have seen the ‘useful links’ post, but there you will find a collation of links to help navigate your way through investing, courtesy of the efforts of PI members and forum contributors.
Cheers and I hope this has helped somewhat
Sooshie [
]There are no problems, only solutions
OK… it’s not the easiest to read format, but these are the scales (from http://www.stampoutstampduty.com.au) and the concessions. Not sure about deductability.
Cheers!
Quasimodo [^]
Value of Property Rate
<$12K
$1.00 for every $100 or part of $100
$12K < $30K
$120 plus $2.00 for every $100 or part of $100 over $12K
$30K< $50K
$480 plus $3.00 for every $100 or part of $100 over $30K
$50K < $100K
$1,080 plus $3.50 for every $100 or part of $100 over $50K
$100K <$200K
$2,830 plus $4.00 for every $100 or part of $100 over $100K
$200K <$250K
$6,830 plus $4.25 for every $100 or part of $100 over $200K
$250K <$300K
$8,955 plus $4.75 for every $100 or part of $100 over $250K
$300K <$500K
$11,330 plus $5.00 for every $100 or part of $100 over $300K
>$500K
$21,330 plus $5.50 for every $100 or part of $100 over $500KConcessions
As a First Home Buyer, you may also be entitled to the Stamp Duty First Home Concession.
Properties with a purchase price or value of $80,000 or less will receive a full concession of Stamp Duty.
The amount of the concession is reduced when the value of the property exceeds $80,000.
No concession is available on properties with a purchase price or value in excess of $130,000.__________________________________________________
It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________Hi Quasi,
That’s a great link, including the stamp duty calculator. My letter is off to my local member.
Cheers
Sooshie [
]There are no problems, only solutions
My letter is off to my local member.Cheers
Sooshie [
]Yes, I was suitably outraged until I realised I’ve never lived in Melbourne… still, NT seems to have it pretty bad, too! I say we start our own party and storm the halls of parliament together, righting wrongs, and making the world a nicer, more humane and investor friendly kind of place!
Who’s with me?! [}
]Quasimodo [^]
__________________________________________________
It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
__________________________________________________
Hi Quasi,
I’m with you…[
]Cheers
Sooshie [
]There are no problems, only solutions
]
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