What is stamp duty?
Stamp duty is a tax that buyers must pay when they purchase a property. Depending on the value and location of the property, the amount of stamp duty can vary significantly. However, there are some circumstances where buyers can qualify for a stamp duty exemption or concession, which can save them thousands of dollars. For example, first home buyers, pensioners, and people buying off-the-plan properties may be eligible for some stamp duty relief. To find out more about the stamp duty rules and rates in your state or territory, you can visit the relevant government website or consult a qualified conveyancer.
What is stamp duty ?
Stamp duty also known as land transfer duty is the cost from transferring from one individual to another. Stamp duty applies when purchasing a home of residence, investment property, holiday home or a vacant block of land.
Can i get a discount or an exemption?
Stamp duty is a tax that you have to pay when you buy a property. Depending on the value of the property and the state or territory where you buy it, stamp duty can be a significant expense. However, there are some situations where you may be eligible for a stamp duty concession or exemption. To receive a discount or an exemption you have to apply directly through State Revenue Office Victoria and have attached the link directly to their website for you https://www.sro.vic.gov.au/
