Hi guys,
I would like to know which state is exempt from paying stamp duty on the property when purchasing an IP.Especially in WA & QLD and also in NZ.
Regards,
kurra[gorgeous]Hi Kurra,
Both WA and Qld State Governments levy stamp duty on IPs – it is common practice throughout Australian states as stamp duty forms a key part of each states income stream.
There are some reductions/exemptions in some states for people like first home owners, transfer of property between spouses etc but in the main it is ‘pay up’
A search of the various Office of State Revenue (or similar) in each state will detail the specifics as they apply to that state.
A calculator can found at http://www.realestate.com.au/cgi-bin/rsearch?a=loan&t=res
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
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