Stamp Duty - Investors.

[pango]

Is there a State that is better to purchase in from a Stamp Duty perspective.

I know that this Tax was abolished in some states up to a certain amount, certainly for owner occupiers, but has it been relaxed anywhere for Investors.

If anyone has any state to state comparisons on this it would be appreciated.

Thanks
Pango.

 

[jrc]

ACT - the stamp duty is deductible from income and not added to the cost basis as the alnd in the ACT is actually leased.

 

[Domain]

Is there a State that is better to purchase in from a Stamp Duty perspective.

I know that this Tax was abolished in some states up to a certain amount, certainly for owner occupiers, but has it been relaxed anywhere for Investors.

If anyone has any state to state comparisons on this it would be appreciated.

Thanks
Pango.

If this Stamp Duty Calculator is anything to go by, then QLD is the best option.

http://webapps.stgeorge.com.au/calculators-net/stamp-duty.aspx

 

[Jonathon]

Definnitely not Victoria, we've got one of the highest rates of Stamp Duty, although land tax isn't nearly as bad as it is in NSW.

As already stated, stamp duty in Canberra is deductible immediately, so if you're a 39.5% or 46.5% tax payer, this can be a significant cashflow, but it's generally a bad idea to buy an investment just for an upfront tax deduction.