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I think it is different in Qld. My understanding thus far is that for OTP purchases in Qld transfer duty is paid when you settle. Can any Qld investors clarify this point? Thanks.

Further to the quote above, are there any QLD solicitors out there who would be able to provide confirmation that double stamp duty definitely would not apply if a change of entity was to be enacted as a result of the clause referred to? How should the wording of the clause be phrased? eg...

Terry - thanks for the great link. I agree with BV that the quote re: a change of entity clause was certainly very interesting. We haven't exchanged contracts as yet, so I will put this suggestion to our solicitor and see what they say. It cetainly sounds a lot more cost effective.

Just to recap... Well I spoke to a Qld solicitor and the verdict is in. Having "and/or nominees" on a Qld contract is viewed negatively and is considered to make the contract appear somewhat tenuous. It is thus generally not recommended. It also makes it highly probable that double stamp...

Thanks everyone for your replies. I'll follow up with a Qld solicitor and post their response in case anyone else is interested in the answer. Cheers Angela :)

Thanks for the reply Propertunity. I actually did a search for earlier posts on this topic but none were really on point. Thanks for the link, it was quite helpful. Will contact a Qld solicitor on this one. Angela :)

Hi everyone Hopefully this won't be a dumb question! Hubby and I are looking at exchanging contracts on an OTP deal near Brisbane. Completion isn't due until mid-late 2011 and a such we aren't 100% sure what structure will be most beneficial for us at settlement time. Most likely outcome...