NO stamp duty for investor – Nomination clause

Hi, guys.

Everybody knows the most expensive cost in transacting a property is the stamp duty. I recently come across a deal the vendor/developer is happy to accept "Nomination clause". This kind of deal is rare. 99% of developers will say no for it. But lucky we find one.

With this clause, an investor is allowed to onsale the property by nominating a new purchaser without settling the property. In this way, the investor will save stamp duty, mortgage cost, or perhaps capital gain tax.

For example, say in traditional way, you buy the property for 550K and onsale the property at settlement for 550K. Your profit is
550,000 – 500,000 – 20,224= 29,776 less mortgage cost

With the "Nomination Clause", your profit is
550,000 – 500,000 = 50,000 with NO mortgage cost.

This project will finish at 2013. you will benefit from the capital growth without the heavy transaction cost.

You can contact me at 0431280070 for more details about this deal.

Heng