Hi All,
Just wondering if someone would let me know when stamp duty is payable. If you have negotiated a long settlement do you pay the stamp duty on exchange or at settlement? I’d rather have access to it myself over the next 6 months than give it to the OSR or have it sit in someone else’s trust account.
Many Thanks,
SonjaIn NSW, I beleive it must be paid at settlment or within 3 months of exchange of contracts.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Further to Terry’s post, for off the plan purchases, stamp duty has to be paid within 3 months or at the expiration of 12 mths after the date of agreement, whichever is first.
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