Stamp duty is a tax imposed on numerous acquisitions, including selling real estate, cars and assets belonging to a business.
In the case of real estate, the purchaser is the one who pays the tax. It is a legal requirement for stamp duty to be paid within 30 days of the settlement date. All transfers of land, or sales of property, including gifts of property attract a duty, but there are a few exceptions to this, including:
As stamp duty isn’t a tax levied by the federal Government, the amount of stamp duty paid changes from state-to-sate. It’s worth researching the rate of your home state
We’re delighted to introduce the first Ray White Regional Report, providing unparalleled insights into Australia’s regional residential property markets. As the nation’s leading real estate group, Ray White has an unmatched depth of data and expertise when it comes to property sales across regional Australia. This inaugural report leverages Ray … Read more
After over 20 years in the industry and various personal moves, Travis shares his top 10 tips for moving. Change your locks. Fumigation for spiders including inside the ceiling cavity Make sure you have somewhere to rest (couch) and utensils to make a coffee and some food during the un-pack … Read more