When negotiating a price for the purchase of a property, do not forget to take into account the Stamp Duty that will become payable by you at settlement. Stamp Duty is normally the biggest added expense to be taken into account by the purchaser.
Stamp Duty in Victoria is based on the value of the property, usually the purchase price and MUST be paid at settlement. If there is a mortgage, there will also be additional Stamp Duty.
You may be eligible for Stamp Duty exemption or benefits. Check with Right Choice Conveyancing.
Should you wish to establish how much will be due to be paid by you at settlement, you can contact this office for further details or visit the State Revenue Office through our links page.
Land Titles Office
Capital Gains Tax
Right Choice Conveyancing charge a fixed quote fee, plus the normal disbursements. Contact us today to get a quote.
Disclaimer: The information provided on the Right Choice Conveyancing web site is not intended to be legal advice. Many factors unknown to us may affect the applicability of any statement or comment that we make on the Right Choice Conveyancing web site to your particular circumstances.