Hi does anyone know if we use a guarantor for the purchase of a property, would we still be eligible for stamp duty concession as a first home buyer? Thanks!
Guarantors not on title would generally not effect this. Check the forms.
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
Security guarantee shouldn’t effect your stamps concession.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Shouldn’t be an issue at all.
They aren’t taking ownership of the property.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Here is the State Revenue Office’s website, which lists the eligibility for stamp duty concessions: http://www.sro.vic.gov.au/sro/sronav.nsf/LinkView/C88211C9E07486F0CA2578B70001025018E490D796850F8ECA2575C1008187C7
Duties Form 61 can be downloaded under the heading “How Do I Apply…” – it provides more information on eligibility.
Good luck!
Kate Ashmor | Ashmor Legal Pty Ltd
http://www.ashmorlegal.com.au
Email MeProperty Lawyer and Opiner
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