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  • Profile photo of Agent69Agent69
    Participant
    @agent69
    Join Date: 2003
    Post Count: 0

    Can anyone help with the Stamp duty bracket/range for SA and is it deductible?

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974

    Hello Agent 69,

    There is a section on the PI home page called ‘Web Links’ if you visit here, you will have a number of links which will be able to help you. There are a few broken links which are currently being investigated.
    To answer your question about stamp duty, there is this link from infochoice which is v.useful.

    http://www.infochoice.com.au/banking/tools/stampduty.asp?L=0&CategoryID=90

    It has the option of entering your state and calculating stamp duty. I hope this helps.

    As a newbie, I’m not sure if you have seen the ‘useful links’ post, but there you will find a collation of links to help navigate your way through investing, courtesy of the efforts of PI members and forum contributors.

    Cheers and I hope this has helped somewhat

    Sooshie [:)]

    There are no problems, only solutions

    Profile photo of quasimodoquasimodo
    Member
    @quasimodo
    Join Date: 2002
    Post Count: 100

    OK… it’s not the easiest to read format, but these are the scales (from http://www.stampoutstampduty.com.au) and the concessions. Not sure about deductability.

    Cheers!

    Quasimodo [^]

    Value of Property Rate
    <$12K
    $1.00 for every $100 or part of $100
    $12K < $30K
    $120 plus $2.00 for every $100 or part of $100 over $12K
    $30K< $50K
    $480 plus $3.00 for every $100 or part of $100 over $30K
    $50K < $100K
    $1,080 plus $3.50 for every $100 or part of $100 over $50K
    $100K <$200K
    $2,830 plus $4.00 for every $100 or part of $100 over $100K
    $200K <$250K
    $6,830 plus $4.25 for every $100 or part of $100 over $200K
    $250K <$300K
    $8,955 plus $4.75 for every $100 or part of $100 over $250K
    $300K <$500K
    $11,330 plus $5.00 for every $100 or part of $100 over $300K
    >$500K
    $21,330 plus $5.50 for every $100 or part of $100 over $500K

    Concessions
    As a First Home Buyer, you may also be entitled to the Stamp Duty First Home Concession.
    Properties with a purchase price or value of $80,000 or less will receive a full concession of Stamp Duty.
    The amount of the concession is reduced when the value of the property exceeds $80,000.
    No concession is available on properties with a purchase price or value in excess of $130,000.

    __________________________________________________
    It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
    __________________________________________________

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974

    Hi Quasi,

    That’s a great link, including the stamp duty calculator. My letter is off to my local member.

    Cheers

    Sooshie [:)]

    There are no problems, only solutions

    Profile photo of quasimodoquasimodo
    Member
    @quasimodo
    Join Date: 2002
    Post Count: 100

    quote:


    My letter is off to my local member.

    Cheers

    Sooshie [:)]


    Yes, I was suitably outraged until I realised I’ve never lived in Melbourne… still, NT seems to have it pretty bad, too! I say we start our own party and storm the halls of parliament together, righting wrongs, and making the world a nicer, more humane and investor friendly kind of place!

    Who’s with me?! [}:)]

    Quasimodo [^]

    __________________________________________________
    It seems to me that action has a most magic way of answering all the questions our fearful mind tries to throw before us…
    __________________________________________________

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974

    Hi Quasi,

    I’m with you…[:D]

    Cheers

    Sooshie [:)]

    There are no problems, only solutions

Viewing 6 posts - 1 through 6 (of 6 total)

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