All Topics / Legal & Accounting / Stamp duty on multiple units

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of Our ChallengeOur Challenge
    Participant
    @our-challenge
    Join Date: 2004
    Post Count: 5
    March 26, 2006 - 6:08 am

    Hi all

    Can anyone advise on the following –

    If multiple units, on separate titles are purchased at the same time, is stamp duty payable on the aggregate value or is it calculated on the value of each individual unit?

    The impact being that stamp duty (in Victoria) will be higher if calculated on the aggregate due to the stepped rate increases.

    Thanks in advance.

    Greg

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 26, 2006 - 6:26 am

    In Vic I beleive it is the aggregate value.

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.