Browse Forums Home Finance Re: Buying Land Only in Sydney - 3 Questions 8Jan 13, 2013 2:07 pm mercthunder Hi Tom, Thanks for your help it is appreciated and has clarified a lot of things. One other question i had was in relation to stamp duty on land. If i was to buy a block of land, let's say for $350K, i would need to pay roughly 11K stamp duty on this. When i start building, do they re-calculate the property value and charge me additional (if the house and land ends up being worth 650K would i need to end up paying 25K stamp duty instead of the initial 11K?). Reason i ask is because if we are only required to pay stamp duty on land, why would people buy house and land packages? Thanks. You only pay stamp duty when there is a sale or transfer of property (i.e when there is a change on title). So in your case, you only pay stamp duty once when you purchase land, there is no further charge when you decide to build. Cheers Tom Yeah I don't know why I came to a forum. Place is full of wierdos/pedos thought internet may help but I suppose I'll try my luck with someone in person. Cheers. I tried… 0 6443 Personally, considering your layout (study/work desks in bedrooms), I don't think you have any other option but to leave NW windows and make them as big as possible e.g.… 7 10470 We had this happen to us last year and got charged a variation. Try and give away as much as you can that is usable to charity otherwise if you are in Sydney I have a… 1 4494 |