Where in the process of buying two units in Rockdale and ive just been talking to my solicitor who has mentioned an "aggregation of stamp duty" clause for stamp duty.
If you purchase two properties within 12 months, you will be assessed as one amount for stamp Duty. Originally stamp duty was going to be 10,340 (330k) & 15200 (438k), but it is now going to be 28,700 (about $3100 more).
Has anyone been struck down with this before?
Just for future intrests: This only applies when the purchaser & vendor are the same (or associated) for both transactions. So because we are buying off the same developer thats how where getting stung.
If you purchase two properties within 12 months, you will be assessed as one amount for stamp Duty. Originally stamp duty was going to be 10,340 (330k) & 15200 (438k), but it is now going to be 28,700 (about $3100 more).
Has anyone been struck down with this before?
Just for future intrests: This only applies when the purchaser & vendor are the same (or associated) for both transactions. So because we are buying off the same developer thats how where getting stung.
Last edited: