All Topics / Creative Investing / Wraps in Vic
Hi there,
I'm a new investor that has ended up with a bit of a dificult situation, I was using an agent to organise lease/options for me, but they have "gone west" with some of my money and contracts and I am left with the situation that I have a block of land, a negotiated (but unsigned) building contract and keen (vetted and finacially capable) tenant buyer but no paperwork in the middle!
I am to work out what is best to do: a wrap, lease option, vendor finace? The main questions I have is:
1) Can anyone tell me if stamp duty is paid at the beginning of a wrap deal or on settlement in Victoria?
2) Does anyone have or know where I might be able to get a "pro forma" wrap contract for Victoria?Cheers,
PaxMy experiences from a few years ago, Stamp duty is charged at settlement in Vic,
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
Try Lewis OBrien in Victoria. They are an experienced firm in Melbourne dealing in the Vendor Finance market.
Richard Taylor | Australia's leading private lender
Thanks Guys,
Much appreciated.
You must be logged in to reply to this topic. If you don't have an account, you can register here.