If i buy a house from my parents, am i entitled to any stamp duty exemption? Someone told me i may be? Is this true, have laws changed? Can anyne help?
Hi getting there,
I believe the short answer is NO.
However, there are still a couple of exemptions to that rule, as we asked that question not long ago. I can’t remember what the exemptions are at this minute, and so before you sign anything, check with your solicitor.
Hope this helps a bit.
Del
If I was you I would give Revenue SA a call. See http://www.revenuesa.sa.gov.au/enquiries.html. They don’t seem to have much info in their site.
Cheers
Stu
Property & Finance News
at http://www.prosolution.com.auHi getting there,
I think wilandel is right.
I know that in WA, there’s a concessional stamp duty rate that applies if you’re buying a PPOR for $185,000 or less. And if you’re buying your first home, you also get an additional $500 rebate (this is separate from the FHOG).
Sohuld be worth checking if there’s anything like this in the State you live in. If you want to have a look at the relevant stamp duty act, check out austlii.edu.au
Cheers
Mthank you for your answers. Im sure it will help, cheers
getting there
I made a post on the wrap forum page a couple of days ago about the only stamp duty exemption available you might want to have a look at it in case you fit the criteria.
Cheers
Leigh K[
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