Clever Conveyancing provide professional Stamp Duty Advice in Coffs Harbour and ensure you receive any concessions you may be entitled to. If you are looking to buy a residential or rural property you need to know how much you will pay in Transfer Duty (commonly referred to as Stamp Duty). Transfer duty is a tax imposed by the NSW Government on the purchase of property, and is payable by the buyer on settlement, or if the Contract provides for an extended settlement period, stamp duty must be paid within 3 months of the date of exchange of Contracts. If you are buying a unit “off the plan” then stamp duty is then payable the earlier of settlement, or within 15 months of the date of exchange of Contracts.
The amount of the duty is determined by the purchase price of the property together with any concession you may be entitled to. First Home Buyers will receive a concession (provided it is to be their principal place of residence). Make sure you receive any concessions due and talk to Sue about Stamp Duty Advice in Coffs Harbour.
The duty paid when buying residential property can be a considerable obstacle for first home buyers. For those entering the market, the NSW Government has abolished this duty on new and existing homes worth up to $650,000. For properties valued at between $650,000 and $800,000, the duty concession will be gradually reduced. Concessions on vacant land will remain unchanged.
Clever Conveyancing handles property conveyancing from Red Rock in the north, right through to Woolgoolga, Emerald Beach, Moonee Beach, Sapphire Beach, Coffs Harbour, Sawtell/Toormina and down to the Nambucca Valley and Scotts Head. In fact, Clever Conveyancing can look after your conveyancing needs right across the state of New South Wales and has been doing so very successfully for the past 15 years.