Qld Stamp Duty

[shooting star]

I understand that in Vic a way of reducing stamp duty on large purchases is to split the contract. (ie: one contract for the land component and the other for the building). That way you only pay s/d on the land.

Is it possible to do something like this in Qld.

Thanks

Shooting Star

 

[geoffw]

Ross,

I think Shooting Star was talking about buying off-the-plan- as in http://www.centralequity.com.au/guide-to-investing/guide_benefits.asp

In Victoria, it's a big selling point for buying OTP- but, if the web page is correct, not a method available in other states.

 

[darryl]

It is possible to do what you suggest in Qld. I just done excatly that and finally settled last month. The land sale was a seperate contract, to the contract with the builder.