soon to be a sheila

Hi all

Moving to perth in October of this year on a 457. If i buy a property with firb approval worth 500,000 dollars putting down a deposit of 380,000 dollars what would the stamp duty be for this transaction.
Thanks

Nic938

None as you only pay stamp duty on properties over $500,000.

Nic

Issie

Stamp duty is excempt in properties $500.000 or less for first time buyers

mbike

Hi,

The OP would need to check the First Time Home Buyer tax relief conditions carefully here: http://tinyurl.com/2kguld as they seem to suggest the applicant has to qualify for first time buyers grant to apply for the concessional rate of tax . If I recall, 457 visa holders do not qualify for this grant.

Cheers

Mark

northernbird

thats correct, no stamp duty concessions for 457 holders nor the first home owners grant. We paid $23,500 on a $550k property.

Bobcat

Assuming there are no concessions applicable...... stamp duty on $500,000 is $20,700 plus purchaser conveyancing fee of $1,729; and a registration fee of $175

BullcreekBob

Hey Bobcat

I agree with the $20,700 stamp duty, but the software I have says $170 Land transfer regn fee and Settlement list price of $1,619, although discounts of 25%-30$ are readily available if you ask nicely

I've just had a quick look on the Settlement Agents Supervisory Board web site and the Office of State revenue web site to try to find out what the fees actually are, but I couldn't find anything.

So, I guess at least one of us is wrong and possibly both - but we are close. I'll try to find out more when the public servants are at work.

Bob in Bull Creek

Bobcat

G'uday Bob

I stand corrected........ $1,619 is the correct fee for a purchaser give or take what discount is up for grabs? (If I list & sell I'm happy to pick up the tab for the vendor's contribution to conveyancing costs............ as you say a 30% discount is readily available for the purchasers if they ask nicely)

$1,729 is the purchaser's fee re Strata.

We are 5 bucks adrift with the registration fee......... my current tables say $175 from a sale price of $405,000 through to $505,000 where it becomes $195?

Magic weather eh!

cheers

soon to be a sheila

So ill have to beg for a 30% discount then on the puchasers fee being a true scotswoman and all that (tight as the old saying goes) thanks everyone.

Issie

I didn't realise that......cheers

sj oldfield

Settlements agents fees vary from one agent to another.
We have used quite a few since we have been in Perth and have to say that kingsley Settlements were not only the best in price, but offered the better service.

Issie

Thanks Sandra ...will bear that in mind.

soon to be a sheila

Hi sj oldfield

Do kingsley settlement carry out the services equal to what a lawyer would provide legal wise in Scotland

Bobcat

Was that Jo from Delta at Kingsley?

northernbird

I used Focus Settlements in Joondalup and have no hesitation in recommending either.