All Topics / Finance / Stamp Duty Axed – 6th April 2004 ?

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  • Profile photo of KratosaurusKratosaurus
    Member
    @kratosaurus
    Join Date: 2003
    Post Count: 10

    What benefit will the axing of Stamp Duty (http://www.smh.com.au/articles/2004/04/06/1081017141230.html) have on someone like myself who is a first home buyer about to purchase. How much will this save me ?

    Thanks.

    ‘All I ask is the chance to prove that money can’t make me happy’

    Profile photo of RugbyfanRugbyfan
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    @rugbyfan
    Join Date: 2003
    Post Count: 683

    As long as you are purchasing a property under $500,000, you will save yourself:

    $0 – $14,000 $1.25 for every $100 (or part)
    $14,001 – $30,000 $175 + $1.50 for every $100 (or part) of the excess over $14,000

    $30,001 – $80,000 $415 + $1.75 for every $100 (or part) of the excess over $30,000

    $80,001 – $300,000 $1,290 + $3.50 for every $100 (or part) of the excess over $80,000

    $300,001 – $1,000,000 $8,990 + $4.50 for every $100 (or part) of the excess over $300,000.

    ‘Eat rich food, barbeque a yuppie’ [greedy]

    Profile photo of ShusharShushar
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    @shushar
    Join Date: 2003
    Post Count: 190

    The calculators can be found at the Office of State Revenue:

    http://www.osr.nsw.gov.au/erevenue/calculators/index.htm

    Cheers,
    Shushar

    “All our dreams can come true, if we have the courage to pursue them.” – Walt Disney

    Profile photo of TurismoTurismo
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    @turismo
    Join Date: 2004
    Post Count: 23

    Anything like this happening in SA?

    One a year is my plan!!

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