To help new buyers determine if they are eligible for Stamp Duty concession, the State Revenue Office have created a easy-to-use First Home Buyer Stamp Duty concession/exception eligibility tool. Simply follow the prompts and input your details to find out if you are eligible to claim a full exception or partial discount on Stamp Duty […]
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In the latest budget, the government have announced a number of changes to stamp duty concessions that will make an impact of purchasers. The main points of interest for us are: Stamp duty concession for property transfers between spouses/domestic partners is available only for a principal place of residence transfer from 1 July 2017. The […]
Continue ReadingAre you a Foreign Resident and selling for over $2million dollars. Be aware of the withholding Tax that will now occur at the settlement stage. The Purchaser will withhold the relevant tax amount at settlement and forward this to the ATO for their further assessment. https://www.ato.gov.au/General/New-legislation/In-detail/Direct-taxes/Income-tax-for-businesses/Foreign-resident-capital-gains-withholding-payments/
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