carzinoz

I'm confused...if I am buying a house in NSW do I have to pay Land TRansfer Registration tax?

http://www.osr.nsw.gov.au/taxes/transfer_land/rates/

It says on this money buddy website that I would have to pay it and also stamp duty (unless I'm a first time buyer)

http://www.moneybuddy.com.au/home-lo...g-a-house.html

but I'd never heard of it before.

spottydog

We had to pay some additional registration fees as well as the stamp duty but it was only a couple of hundred dollars. There are also things like $75 for each mortgage the vendor has on the property

carzinoz

the fees I'm looking at are $8990 plus 4.5% of the excess over $300,000

spottydog

That's what is generally known at stamp duty (just not it's official name). Other transfer fees are at most a few hundred dollars

carzinoz

Thanks Spottydog