All Topics / Help Needed! / Do i need to pay stamp duty if i sale the land before settlement?

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  • Profile photo of baobaoloverbaobaolover
    Participant
    @baobaolover
    Join Date: 2010
    Post Count: 2
    May 28, 2010 - 11:32 am

    hi,
    some one said,i dont need to pay stamp duty if i sale the land before settlement,the buyer will be pay by the selling price.
    but other one said,i need to pay stamp duty by my original price if the land increment and buyer as same as above mentioned.
    please give some advise,thankyou!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 28, 2010 - 11:39 am

    You will need to pay stamp duty as you are onselling the land.

    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

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970
    May 28, 2010 - 12:31 pm

    YES

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