Hi there
We signed out land contracts on the 7 July 2017 and are First Home Owner Buyers and are looking to build soon as the land titles. The land is waiting for lodgement at Titles Office.
Now can you tell me with the recent changes whether we still have to pay any stamp duty on the land. I'm of the view that its none payable. However, when I raised it with my conveyancer they said it was still payable and then I could claim it back after the house was built. Though, they would check up on that after I mentioned that there might be none with the recent changes.
I checked with the SRO calculator and it comes up $0 payable.
In Regional Victoria.
Could someone please shed some light so I know whether I have to find some additional money for stamp duty.