property tax discount

stokesley lad


Joined: 09/06/2008
Posts: 19

Message Posted:
21/09/2009 11:46

Hi has anyone heard if the 75% tax reduction date has been been extended beyond the september date, regards stokesley lad

jazzaktai


Joined: 14/04/2009
Posts: 136

Message Posted:
30/09/2009 08:24

alright mate hows your bus spoke to mar next door she said yes it has

islandgirl


Joined: 12/09/2009
Posts: 302

Message Posted:
30/09/2009 17:23

Our solicitors were unsure at noon today

larryf


Joined: 28/07/2009
Posts: 24

Message Posted:
02/10/2009 22:30

Good news everyone!!!!!



We received an email today from our solicitor saying the transfer duty deduction period has been extended to the end of December

Chrystal


Joined: 22/08/2008
Posts: 35

Message Posted:
02/10/2009 22:42

Hi! Sorry for butting in! Are you referring to the property tax payable on transfer of title deeds?

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
02/10/2009 22:46

Yes also on stoppage tax for developers I hope (I'm not a developer) what are the % involved?

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
02/10/2009 22:54

Buyers pay 0.75% instead of 3% if they choose to use their one time option to pay at this rate otherwise it is 1.5%

Vendors discount rate is 4.25% opposed to 6.25%



Cooper

larryf


Joined: 28/07/2009
Posts: 24

Message Posted:
02/10/2009 23:06

Cooper has it exactly right. Thats what my solicitor said in his email.

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
02/10/2009 23:10

4.25% of profit on sale or sales price??

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
02/10/2009 23:18

I beleive both the buyers & vendors taxes are based on the sales price.

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
02/10/2009 23:26

cheers cooper thanks