From: Tracy Lee
Hi,
I've have a few questions regarding stamp duty payable (Victoria) which I hope some of the more experienced forum members can help me with.
First, some background info:
I've recently onsold an off the plan apartment which will be settle next month.
The purchaser has inquired about the amount of stamp duty that he has to pay. At the time of his purchase, 28% of construction has already been completed.
I've spoken to my solicitor and he said that I would have to calculate that figure and supply that info to him (my solicitor) and the purchaser. I have spoken to the project developer but they have indicated that they cannot help me because it is an onsell.
So the question I've got is who should supply the stamp duty figure payable? me, my solicitor, the purchaser's solicitor or the developer?, and how is it calculated since 28% of the building has been constructed at the time the purchaser signed the sales contract.
Thank you in advance
Tracy
Hi,
I've have a few questions regarding stamp duty payable (Victoria) which I hope some of the more experienced forum members can help me with.
First, some background info:
I've recently onsold an off the plan apartment which will be settle next month.
The purchaser has inquired about the amount of stamp duty that he has to pay. At the time of his purchase, 28% of construction has already been completed.
I've spoken to my solicitor and he said that I would have to calculate that figure and supply that info to him (my solicitor) and the purchaser. I have spoken to the project developer but they have indicated that they cannot help me because it is an onsell.
So the question I've got is who should supply the stamp duty figure payable? me, my solicitor, the purchaser's solicitor or the developer?, and how is it calculated since 28% of the building has been constructed at the time the purchaser signed the sales contract.
Thank you in advance
Tracy
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