Aus stamp duty
Jun 21st 2006, 10:43 am
#1
NorthLakes, Brissy
Thread Starter
Joined: Sep 2004
Location: Bridgehaven release - North Lakes!
Posts: 2,423
Aus stamp duty
If you are buying land for $200000(ish), then in a month or two's time you get a builder to build you a lovely spanking new home for $260000 (ish).
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
Jun 21st 2006, 10:57 am
#2
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: Aus stamp duty
Originally Posted by wargod
If you are buying land for $200000(ish), then in a month or two's time you get a builder to build you a lovely spanking new home for $260000 (ish).
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
So I believe.
HTH
Buzzy
Jun 21st 2006, 11:06 am
#3
NorthLakes, Brissy
Thread Starter
Joined: Sep 2004
Location: Bridgehaven release - North Lakes!
Posts: 2,423
Re: Aus stamp duty
Originally Posted by Buzzy--Bee
Just on the land, and 6%.
So I believe.
HTH
Buzzy
So I believe.
HTH
Buzzy
Jun 21st 2006, 11:08 am
#4
NorthLakes, Brissy
Thread Starter
Joined: Sep 2004
Location: Bridgehaven release - North Lakes!
Posts: 2,423
Re: Aus stamp duty
Originally Posted by wargod
Groovy - i was expecting to get tucked up twice !
Jun 21st 2006, 11:51 am
#5
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: Aus stamp duty
Originally Posted by wargod
Holy poo - i have just done the maths ! :scared:
Buzzy
Jun 21st 2006, 11:53 am
#6
NorthLakes, Brissy
Thread Starter
Joined: Sep 2004
Location: Bridgehaven release - North Lakes!
Posts: 2,423
Re: Aus stamp duty
Originally Posted by Buzzy--Bee
Dont forget your 1st time buyer rebate!
Buzzy
Buzzy
Jun 21st 2006, 10:23 pm
#7
BE Forum Addict
Joined: Apr 2003
Location: Jacobs Ridge, Gold Coast
Posts: 1,140
Re: Aus stamp duty
Originally Posted by wargod
If you are buying land for $200000(ish), then in a month or two's time you get a builder to build you a lovely spanking new home for $260000 (ish).
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
Jun 24th 2006, 8:58 am
#8
The Brains
Joined: Oct 2005
Location: Dubai / Hervey Bay
Posts: 886
Re: Aus stamp duty
Originally Posted by sassie
You only pay stamp duty on the land. We bought ours for $189,000 and paid approximately $5,000 stamp duty.
M. thx.
Gillian
Jun 24th 2006, 8:59 am
#9
Forum Regular
Joined: Aug 2005
Location: Noosa
Posts: 62
Re: Aus stamp duty
Originally Posted by ray2gill
What has to be paid on an existing property when it is bought? Can someone please tell me.
M. thx.
Gillian
M. thx.
Gillian
Jun 24th 2006, 9:08 am
#10
Melbourne Australia
Joined: Feb 2006
Posts: 4,169
Re: Aus stamp duty
Originally Posted by wargod
If you are buying land for $200000(ish), then in a month or two's time you get a builder to build you a lovely spanking new home for $260000 (ish).
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
What stamp duty would you pay?
Do you pay twice?
Once on the land and once on the property (460000) or just on the property value (260000)?
And (sorry) any idea of actually how much that equates too in dollars?
Jun 25th 2006, 9:48 am
#11
BE Enthusiast
Joined: Oct 2005
Location: Blighty
Posts: 950
Re: Aus stamp duty
Originally Posted by Buzzy--Bee
Just on the land, and 6%.
So I believe.
HTH
Buzzy
So I believe.
HTH
Buzzy
6% !!!!!!!!!! u sure about that??????
Jun 25th 2006, 9:57 am
#12
Melbourne Australia
Joined: Feb 2006
Posts: 4,169
Re: Aus stamp duty
Originally Posted by touchingcloth
6% !!!!!!!!!! u sure about that??????
Jun 25th 2006, 10:46 am
#13
Forum Regular
Joined: Nov 2005
Location: Buckinghamshire
Posts: 42
Re: Aus stamp duty
Originally Posted by thebears
- Discounts are available on stamp duty between $300,000 and $450,000.
Mog
Jun 25th 2006, 9:18 pm
#14
BE Forum Addict
Joined: Apr 2004
Location: Wakefield.......now Wellington Point
Posts: 1,284
Re: Aus stamp duty
What happens regarding stamp duty if you are buying a new house from a builder that has already been built??? Do they value the land or is it the value of the house?
Jun 25th 2006, 10:26 pm
#15
BE Forum Addict
Joined: Apr 2003
Location: Jacobs Ridge, Gold Coast
Posts: 1,140
Re: Aus stamp duty
Originally Posted by Mog
First home buyers purchasing vacant block of residential land will pay no stamp duty on land valued up to $300,000.
- Discounts are available on stamp duty between $300,000 and $450,000.
Mog
- Discounts are available on stamp duty between $300,000 and $450,000.
Mog