Browse Forums General Discussion 1 May 15, 2007 7:51 pm Hi - first time post here as I begin what I (hope!) wil be the exciting journey of building our first home.
This may be a silly question and probably not even the right place to ask really - but it's confused me and I thought someone here might be able to clarify it a little (google has not helped!) My question is - is there any difference in the stamp duty paid when you buy land first then construct later vs buying a house and land package from a builder. I'm in South Australia if tht makes any difference Re: Stamp duty on land vs home + land packages 2May 15, 2007 8:23 pm Hi Nire,
There are really 3 options 1) Buy land & build later - You pay stamp duty on the land and then GST on the construction. 2) Buy house and land package (not yet constructed, as in "off the plan") - Same as above, you pay stamp duty on the land and then GST on the construction. 3) Buy completed house & land package - You pay stamp duty on both Remember....there is also stamp duty payable on the actual mortgage. Hope that helps - Cheers Re: Stamp duty on land vs home + land packages 3May 15, 2007 8:29 pm In Victoria:
Buy land and build you only pay stamp duty on the land value Buy house and land off the plan you only pay on land value Buy existing house and land you pay stamp duty on total purchase price Might be different in SA though?? Matt Re: Stamp duty on land vs home + land packages 4May 15, 2007 8:33 pm Northlakes,
You beat me to it!! i am getting slow Matt Re: Stamp duty on land vs home + land packages 5May 15, 2007 8:48 pm Matt,
Just trying to give a little back....this forum has been a wealth of information....and a little solace in the fact that my partner and I are not the only ones facing the challenges of trying to work "with' building companies. I'm not buying into the whole eaves & 3 phase a/c argument though Cheers Re: Stamp duty on land vs home + land packages 8May 15, 2007 9:15 pm No Problem!!
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