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Stamp duty

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rosie123


Joined: 26/05/2008
Posts: 62


Message Posted:
30/05/2008 12:59
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Message 1 of 4 in Discussion

Is stamp duty 0.3% or 0.5% on your first property you buy

Rosie



Aussie


Joined: 17/06/2007
Posts: 299


Message Posted:
30/05/2008 16:27
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Message 2 of 4 in Discussion

Stamp duty as I understand it is 0.5% no matter what (unless you pay late when there are penalties) . Perhaps you are thinking of transfer duty which can be reduced from 6% to 3% for your first purchase if you elect to do so.



Aussie



wynyardman



Joined: 15/12/2007
Posts: 2537


Message Posted:
30/05/2008 17:34
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Message 3 of 4 in Discussion

Hi Aussie,



Spot on mate!

Toss another shrimp on the barbie!



All the best,



wyn



Aussie


Joined: 17/06/2007
Posts: 299


Message Posted:
30/05/2008 22:43
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Message 4 of 4 in Discussion

Thanks wynyardman



Stamp duty seems to be everywhere in the world that used to be British and I guess is just the price of doing business even after VAT KVD etc etc are brought in.



Hope things are well with you.



Aussie



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