House buying on 457 visa - stamp duty question
Mar 5th 2009, 12:49 am
#1
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House buying on 457 visa - stamp duty question
Hello all,
We are in the process of buying a house on a 457 visa. Completion is 27th March (can't wait!)
Is there anybody about who could explain the stamp duty position for me please as we are getting conflicting advice from different people.
Many thanks,
Ren
We are in the process of buying a house on a 457 visa. Completion is 27th March (can't wait!)
Is there anybody about who could explain the stamp duty position for me please as we are getting conflicting advice from different people.
Many thanks,
Ren
Mar 5th 2009, 3:45 am
#2
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Re: House buying on 457 visa - stamp duty question
What State are you in ?
Mar 5th 2009, 4:40 am
#3
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Location: Peregian Springs, Sunshine Coast
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Re: House buying on 457 visa - stamp duty question
In NSW it appears you are stuffed, despite what may have been posted on here before. Please see my earlier thread this week http://britishexpats.com/forum/showthread.php?t=595151
And the response I got from NSW office handling first time buyers, when I asked them this week:
Dear Roger
Thank you for your email.
For both the First Home Owner Grant and the First Home Plus Schemes, at least one of the applicant must be a permanent resident at the date of the contract.
Regards
XXXXX
Client Service Officer
First Home Benefits
Office of State Revenue
Ph: 1300 130 624
And the response I got from NSW office handling first time buyers, when I asked them this week:
Dear Roger
Thank you for your email.
For both the First Home Owner Grant and the First Home Plus Schemes, at least one of the applicant must be a permanent resident at the date of the contract.
Regards
XXXXX
Client Service Officer
First Home Benefits
Office of State Revenue
Ph: 1300 130 624
Mar 5th 2009, 5:34 am
#4
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Re: House buying on 457 visa - stamp duty question
That is the NSW ruling that was legislated on the 1st March 2009, but there is a short changeover period between the 1st March and 19th April, where you can apply on the old forms, and those forms do not request the Residency Proof.
If you contact the relevant department they will ONLY quote the new rules.
However, if you ask them about the changover period, they should confirm the above.
But if you don't ask, they do want to apply the new rules if they can.
However, you would need to get hold of one of the older application forms, and I doubt that the department would still have them.
You may find a mortgage broker that might still have some left.
If you contact the relevant department they will ONLY quote the new rules.
However, if you ask them about the changover period, they should confirm the above.
But if you don't ask, they do want to apply the new rules if they can.
However, you would need to get hold of one of the older application forms, and I doubt that the department would still have them.
You may find a mortgage broker that might still have some left.
Mar 5th 2009, 9:04 am
#5
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Re: House buying on 457 visa - stamp duty question
Hi, I am sorry, I should have said in my post that I am in Queesnland. I will have to change my details on BE. Do you know anything about stamp duty in Queensland?
Mar 5th 2009, 9:10 am
#6
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Re: House buying on 457 visa - stamp duty question
Rules for First Home Buyers
QLD
A person's home is a first home if, before acquiring the home, the person did not hold and has never before held an interest in other residential land in Queensland or elsewhere, other than as a trustee for another person, as a lessee or as a holder of a security interest.
To be eligible, you must:
There are no questions on the application form regarding citizenship, or residency, therefore it does appear that a person on a Temporary visa can get the First Home Buyers Stamp Duty Concession.
The residence eligibility rules are NOT the same as for the First Home Owner Grant.
http://www.britzinoz.com/page.php?38
QLD
A person's home is a first home if, before acquiring the home, the person did not hold and has never before held an interest in other residential land in Queensland or elsewhere, other than as a trustee for another person, as a lessee or as a holder of a security interest.
To be eligible, you must:
- never have held an interest in other residential land anywhere in the world
- be at least 18 years of age
- occupy the home as your principal place of residence within one year
There are no questions on the application form regarding citizenship, or residency, therefore it does appear that a person on a Temporary visa can get the First Home Buyers Stamp Duty Concession.
The residence eligibility rules are NOT the same as for the First Home Owner Grant.
http://www.britzinoz.com/page.php?38
Mar 5th 2009, 9:23 am
#7
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Re: House buying on 457 visa - stamp duty question
Ok, thanks for that. So, am I reading this right? As we have owned a property in the UK we won't be classed as 1st time buyers here so won't get the stamp duty concession? Sorry if I sound a bit dim.
Mar 5th 2009, 9:39 am
#8
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Re: House buying on 457 visa - stamp duty question
Other States, such as NSW, do not have the same "Worldwide Property rule", but they do have the residents only rule.
There probably is a State here somewhere that would allow you to get the concession. But not much good if you know you are in QLD.
Mar 5th 2009, 10:15 am
#9
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Re: House buying on 457 visa - stamp duty question
Oh bugger! Thanks for your help though. Ren xx
Mar 5th 2009, 5:21 pm
#10
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Location: Wellington Point for now
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Re: House buying on 457 visa - stamp duty question
How do they check if you have ever owned another property outside of Oz ?
Mar 5th 2009, 10:13 pm
#11
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Re: House buying on 457 visa - stamp duty question
has anyone actually clarified what the legislation - not the handouts/website summary bumpf - actually says about where "elsewhere" actually is?
Mar 5th 2009, 10:25 pm
#12
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Re: House buying on 457 visa - stamp duty question
Duties Act 2001 says
so that doesn't define elsewhere. Where are they getting the elsewhere in the world as opposed to elsewhere in OZ? I understand other states rule as elsewhere in oz.
mmm, more research needed
(2) A person’s home is the person’s first home if, before
acquiring the home—
(a) the person did not hold, and never before held, an
interest in other residential land in Queensland or
elsewhere other than—
(i) as trustee for another person; or
(ii) as lessee; or
(iii) as the holder of a security interest; and
(b) the person was not, and had never been, a vacant land
concession beneficiary in relation to land other than the
residential land on which the home is constructed.
acquiring the home—
(a) the person did not hold, and never before held, an
interest in other residential land in Queensland or
elsewhere other than—
(i) as trustee for another person; or
(ii) as lessee; or
(iii) as the holder of a security interest; and
(b) the person was not, and had never been, a vacant land
concession beneficiary in relation to land other than the
residential land on which the home is constructed.
mmm, more research needed
Mar 5th 2009, 11:01 pm
#13
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Joined: Dec 2007
Posts: 52
Re: House buying on 457 visa - stamp duty question
Hi
we bought a house in nov 08 and were on a 457, not entitled to any of grants, had to pay stamp duty, but the lesser amount about $7000. Hope this helps, sorry couldn't be much clearer.
we bought a house in nov 08 and were on a 457, not entitled to any of grants, had to pay stamp duty, but the lesser amount about $7000. Hope this helps, sorry couldn't be much clearer.
Mar 5th 2009, 11:16 pm
#14
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Re: House buying on 457 visa - stamp duty question
Could you confirm what State this is and explain 'lesser' amount? i.e. do you mean that you qualified for a part reduction?
Mar 6th 2009, 2:49 am
#15
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Re: House buying on 457 visa - stamp duty question
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