Owner of Property
First Purchaser
Second Purchaser
First Purchaser secures option over property for $1,000,000 with $10,000 option fee.
First Purchaser sells the option to Second Purchaser for $1,500,000.
The on sale of the option is through a nomination clause where the First Purchaser is able to change the name on the option.
Does the first purchaser pay stamp duty?
OMW to solicitors next week, just wondering if I could get an understanding before going.