Wrong Stamp Duty Charged - Can I Get The Extra Payment Back?


	Wrong stamp duty charged - Can I get the extra payment back? skuz [40 Posts] Submitted by skuz on March 16, 2010 - 8:44am. Joined: 08/02/2009 Hi guys, Late last year I purchased my first home for $400,000 with a $365,000 loan from the bank. The house is in Victoria. My understanding is that there is two different stamp duties that are payable. One is for when the property is a Principle Place of Residence and the other is when it is not, presumably for an investment property. It seems that I have been charged the stamp duty for my property not being a PPOR - $19,070, instead of the lower stamp duty cost of $16,370. I asked my solicitor's office about this and they said that I needed to speak to the bank. Then the bank tells me that the stamp duty is calculated by the solicitors and they are responsible. I believe that it is the solicitors responsibility based on their incompotence in the past. Does anyone know if I am able to get the extra money I paid back? I have paid almost $3000 extra in this case. Any advice would be greatly appreciated. login or register to post comments Banker [377 Posts] March 16, 2010 - 9:02am Joined: 21/02/2010 Call the state revenue office. I had a similar problem with BankWest. The amount in my contract was incorrect. I notified them and they said it was an estimate and the correct amount would come back at settlement. They then overpaid the SRO. Funny thing was when I called the state revenue office the knew which bank as I was one of many this was happening to. We filled in some forms direct with the state revenue office and got the money approx 12 weeks later. It is something your conveyancer should have noticed. Previous Topic Avoid paying mortgage insurance twice? Next Topic Would leading with one lender only be a better strategy?	User login Username: * Password: * Register Forgotten your password? Investing Resources Active forum topics Ingham Chickens Author: salacious [3 replies] Newbie - Looking to invest in US with $120k to spend Author: angelarose [28 replies] more topics Recent blog posts HSBC anticipates more cuts to cash rate Author: SteveMcKnight [0 comments] 'Modest easing' recorded in house prices Author: SteveMcKnight [0 comments] more Join Our Facebook Community Featured Investing Resource Register Your Copy Who's online There are currently 3 users and 296 guests online. Online users vagirl2012 Tracey B Nigel Kibel Social Media Today's Tip Your deal's in trouble if the difference between making and losing money is <more>