Hi all,
I brought OTP in September 2009 and qualified for the 50%
stamp duty benefit introduced in NSW last year.
There were a few issues with the developer, but construction has now started.
I believe (after reading the state OSR website) that I should have paid the stamp duty within 3 months of the agreement date which was 23rd December.
Couple of things (while I wait for my conveyencor to get back to me)
1) Do I still qualify for the 50% reduction
2) Or do I pay a penalty for being late, and if so, what are the penalty rates?
3) Should I reasonably expect my conveyencer to have prompted me for payment, and/or re-prompted me as we got close to the payment due date?
I feel a bit of an idiot missing the payment date, and am annoyed with myself for taking my eye off the ball.
Thanks
Neil.
I brought OTP in September 2009 and qualified for the 50%
stamp duty benefit introduced in NSW last year.
There were a few issues with the developer, but construction has now started.
I believe (after reading the state OSR website) that I should have paid the stamp duty within 3 months of the agreement date which was 23rd December.
Couple of things (while I wait for my conveyencor to get back to me)
1) Do I still qualify for the 50% reduction
2) Or do I pay a penalty for being late, and if so, what are the penalty rates?
3) Should I reasonably expect my conveyencer to have prompted me for payment, and/or re-prompted me as we got close to the payment due date?
I feel a bit of an idiot missing the payment date, and am annoyed with myself for taking my eye off the ball.
Thanks
Neil.