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From: Mel G
As I am new to the investment game, I have a few questions. For those of you who are experts at this game, my questions may seem rather trivial so please bear with me.
I understand that when purchasing a property off the plan, stamp duty is only paid on the land value. And obviously on a fully constructed building, you also have stamp duty on the building. I also know the exact calculations for stamp duty on established properties but my question is...
How do you calculate stamp duty on a building that is under construction? ie. you are no longer buying off the plan but you are not buying a fully established property either.
Any assistance anyone can offer would be greatly appreciated!
Thank you,
Mel
As I am new to the investment game, I have a few questions. For those of you who are experts at this game, my questions may seem rather trivial so please bear with me.
I understand that when purchasing a property off the plan, stamp duty is only paid on the land value. And obviously on a fully constructed building, you also have stamp duty on the building. I also know the exact calculations for stamp duty on established properties but my question is...
How do you calculate stamp duty on a building that is under construction? ie. you are no longer buying off the plan but you are not buying a fully established property either.
Any assistance anyone can offer would be greatly appreciated!
Thank you,
Mel
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