Stamp duty work around – 2 lots under one purchase

Hi,

We have found our dream property which isn’t on the market but the owner is potentially looking to sell. It’s a large 10+ Ha block with two lots and two titles which will be sold in one line. To be able to afford to do, what we want to do, we’ll have to sell the smaller lot and do a simultaneous settlement. We’re talking $2.5m – $3m purchase price in QLD and the % rate of stamp duty goes up substantially as prices rise.

So… any creative ways to secure both lots but only pay stamp duty on the one we’re going to keep? We’d look to sell the smaller block for around $750k and by not having that in the purchase price, it reduces stamp duty by up to $50,000 big ones!!! We’re thinking that maybe an option might work, IF, the vendor is open to it. He’s still not set on selling as he is trying to get the land rezoned, so our offer needs to be strong and very firm.

I also checked with my legal team, and apparently, even if the lots are on separate titles, they will add the purchase prices together for the higher %. By separating them we’d save about $20k but QLD doesn’t allow you to do that :O

Looking for any creative ways to save ourselves the additional stamp duty for the lot we don’t actually plan on keeping!!! Thank you in advance :)