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From: Shelly R
G'day all,
Went to my solicitor yesterday to sign a
sales contract on my third investment property.
He said I will now be paying land tax!
Can someone explain to me about land tax.
I heard about it but thought I had to have
many properties before it applied to a small timer like me.
Also asked my solicitor about stamp duty because the topic had just come up here last week.
He said my lender will expect me to pay it before settlement.The three months wait is only for those not borrowing funds.Can't recall the explanation.
Cheers Shelly
G'day all,
Went to my solicitor yesterday to sign a
sales contract on my third investment property.
He said I will now be paying land tax!
Can someone explain to me about land tax.
I heard about it but thought I had to have
many properties before it applied to a small timer like me.
Also asked my solicitor about stamp duty because the topic had just come up here last week.
He said my lender will expect me to pay it before settlement.The three months wait is only for those not borrowing funds.Can't recall the explanation.
Cheers Shelly
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