All Topics / General Property / stamp duty query??

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of turbojasturbojas
    Member
    @turbojas
    Join Date: 2005
    Post Count: 8
    April 29, 2006 - 5:13 am

    Building our first house, what stamp duty is payable on the land if it was brought without a house on it??? land is worth 140k paid 80k

    thanks
    Jaspar [biggrin][biggrin][biggrin]

    Profile photo of Stuart MilneStuart Milne
    Member
    @stuart-milne
    Join Date: 2006
    Post Count: 196
    April 29, 2006 - 7:42 am

    Jaspar – Which state are you in? If you’re in QLD head for

    http://www.osr.qld.gov.au

    then look for the Land duty link. That should take yu where you need to go. First home though to save you the hassle will be rebated so nothing although you may have to pay it upfront. (Qld ONLY! I can’t advise on the other States.)

    Stuart Milne
    Non-Conforming Specialist
    READY Mortgages
    http://www.readymortgages.com.au
    [email protected]
    Mob: 0404 056 055

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 30, 2006 - 4:04 am

    You pay stamp duty on the transfer amount. Where there is a house or not is irelevant.

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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.