Implications of purchasing a PPOR that has a fixed term lease?

[INVSTOR]

State - WA

Ideally it would be best to have settlement at end of lease with vacant possession.

If vendor wanted a quick settlement and there was LESS than 3 months left of lease, would buyer have to pay stamp duty at rate of an investment property but not have to worry about CGT implications?

If vendor wanted a quick settlement and there was MORE than 3 months left of lease, would buyer have to pay stamp duty at rate of an investment property AND also consider CGT implications?

 

[Terry_w]

always subject to CGT. but would be minimal and decrease over time.

 

[INVSTOR]

Thanks Terry.

 

[DaveM]

If you are buying it to be a PPOR but its tenanted at time of purchase, then I would expect you may have to pay investor stamp duty and then get a credit upon showing it as your ppor.

 

[D.T.]

If you are buying it to be a PPOR but its tenanted at time of purchase, then I would expect you may have to pay investor stamp duty and then get a credit upon showing it as your ppor.

WA doesnt have different stamp duty rates.

 

[DaveM]

WA doesnt have different stamp duty rates.

Ah OK I assumed it did from OP... VIC does :/