Stamp Duty Concession Returns

From 1st July 2012 the Transfer Duty or stamp duty concession for a home which is the occupier’s principal place of residence has been reintroduced. This is a welcome reduction in the cost of buying a home. This returns the arrangements to those which applied up until 1st August 2011. There are some conditions, which include a requirement that the property is occupied as the principal place of residence within 12 months of being acquired. It is not necessary that the property is the first home. This change only applies to properties acquired under a contract entered into on or after 1st July 2012.(stamp duty concession)

The process of buying and selling a property raises a wide variety of complex legal issues and considerations that must be properly addressed by your conveyancers. For advice and assistance from a conveyancing team who pride themselves on ensuring that their service is designed up to a standard and not down to a price contact our Conveyancing Manager Libby Dessaix on 07 3236 0001 or by e-mail at mail@aylwardgame.com.au or our partner Mark Game on 07 3236 0001