Browse Forums Real Estate Re: Stamp Duty 2Nov 12, 2009 4:12 pm No I don't think only land.... Also the amount you borrow with the value of your house (GRV) I think will be parts of the sum total. Where you are coming from is where you are going to... Re: Stamp Duty 3Nov 12, 2009 6:18 pm Not sure if all states are the same with this - anyway in SA, there are 2 types of house/land packages and how you pay for them will determine the answer to the stamp duty question. Firstly there is the more common type: in these you do a land contract separately (even though you are buying land from the builder) and pay construction payments as the house is built (like any other house build on your own land). In these you will only pay stamp duty on the land price, same as building on your own land. The other type of package is known in SA as a turn key package and in these you only pay the total price at handover - like buying an established house except it is brand new and you often have some limited say in things like colour schemes, bench tops and the like. As these are a single contract, you will pay stamp duty on the house and land, same as an established house. Re: Stamp Duty 4Nov 13, 2009 12:43 am If you buy land and settle it first, then from the experience of my clients I can say you pay stamp on the land. If you are buying the house and land as a package, then it's on the whole amount. |