All Topics / Creative Investing / Double SDuty

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  • Profile photo of McHenryMcHenry
    Member
    @mchenry
    Join Date: 2005
    Post Count: 45
    July 6, 2006 - 11:11 pm

    From my understanding onselling a property in vic using options (sandwich lease) will incurr double SD and there is no way out of this…

    Is this also the case in WA ?

    Thanks in advance…

    Profile photo of smaansmaan
    Member
    @smaan
    Join Date: 2004
    Post Count: 6
    July 7, 2006 - 10:51 pm

    Hi McHenry

    I’m just starting out with sandwich lease options and my understanding of stamp duty is that it is deferred until the exercise of option and is only payable on the option fee amount.
    To be creative you could eg. If the option fee is $10,000 you could put $1,000 as the option fee and the remainder $9,000 as a deposit in advance, therefore you would only be paying a minimal amount of stamp duty on the $1,000.
    Hope this may help, but correct me if I’m wrong.

    Cheers
    Smaan

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