Hi All,
Just wanted to check something my Solicitor has said to me which I think is incorrect.
I have a 6 month option to purchase a property in Western Sydney. Once I have a DA approval on it, to build 10 units, I will on sell the option to a developer/builder.
In this situation, I didn't think I needed to pay stamp duty as I never 'owned' the property however my Solicitor believes stamp duty is payable. Is he correct?
Thanks,
Marsmac
Just wanted to check something my Solicitor has said to me which I think is incorrect.
I have a 6 month option to purchase a property in Western Sydney. Once I have a DA approval on it, to build 10 units, I will on sell the option to a developer/builder.
In this situation, I didn't think I needed to pay stamp duty as I never 'owned' the property however my Solicitor believes stamp duty is payable. Is he correct?
Thanks,
Marsmac