All Topics / Creative Investing / How much stamp duty does the wrappee pay?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of vpasvpas
    Member
    @vpas
    Join Date: 2004
    Post Count: 14
    December 16, 2005 - 3:18 am

    I’ve just done a wrap in Victoria. Onsold the house for $215K. Waiting for the FHOG grant of $12K to come through. When we settle on this property 2 or 25 years down the track, how much stamp duty does the wrappee pay? full duty of $9K or subsidised at $4K? we ticked “no” in the box for “do we want to offset the grant against stamp duty liabilities in respect to this transaction?”

    I’ve called SRO victoria and did not get a straight answer.

    Thanks for all your help
    Vanessa

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    December 20, 2005 - 1:53 am

    Vanessa

    Hopefully we answered this one?

    Cheers Richard
    Ph: 07 3720 1888
    [email protected]
    http://www.yourstatefinance.com

    Specialising in US & IP finance.

    Richard Taylor | Australia's leading private lender

    Profile photo of Kiwi-FullaKiwi-Fulla
    Member
    @kiwi-fulla
    Join Date: 2002
    Post Count: 371
    January 3, 2006 - 12:38 am

    Wrappee pays for it … plus interest !!!!f when they refinance to property into thier names. They will probably be charged anywhere between 12-16% interest.

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.