澳洲Australia property The BIG stamp duty rip off!!!! | Sydney
在澳大利亚 I have been looking at units in Sydneys upper North Shore. Only in Ku-Ring-gai so up to Wahroonga. The area seems to offer good fundamentals, is very popular and in general seems to be a lovely place. My favoured location to buy I think is G Appologies for all the threads, I dont have much time to get organised before the auction on Saturday. I had a question about the solicitor/conveyancing fees. I remember last time I had this done it cost over $1000. But that was soliciting t
Just thought I'd share todays experience with everyone
We found 2 blocks of land that were beside each other.
We thought were very well priced & considered that even if we had to pay full asking price they would still be good buying.
We made an offer on both blocks, however we were informed by the agent that there was already an offer on one block, we proceeded with both our offers and they were accepted at only slightly less than the full asking price.
4 hrs before settlement today, our settlement agent recieved an assesment from the Office of State Revenue informing us that they( Office of State Revenue)where using section 26 Section 75AF 75AF1 & 75AF2 of the Stamp Duty Act which means they think, by us purchasing 2 blocks from the same vendor that we somehow are trying to avoid paying the right amount of stamp duty & deemed that we had to pay a further $5000 at settlement.
We did not have a chance to defend ourselves or proove this was not the case as we had to go to settlement or face penalties from the vendor.
So we paid the extra $5000.....thankfully the bank gave us surplus funds.
Now we have to take on the Office of State Revenue, to get our money back, why didn't they just ask us what the advertised price was for the land & they would have realised that we almost paid asking price.
Does this STINK or what?????
Grouping provision exists in NSW as well.
Are you intending to amalgamte the blocks ?
The titles for these 2 blocks were issued 14 days ago....
Previously it was 1 block with an old house, the vendor pulled down the old house & had 2 green titles created, which we have just purchased.
Hang on, seperate titles must have ben issued before you exchanged right ? Thats why/what you bought ?
You ain't got a hope taking on the OSR, maybe your solicitor should have advised you of this ? If they didn't and you can show negilgence on their part you may have a shot at some form of compensation.
If you used a conveyencor, or did DYI then you probably have no recourse. My opinion only, seek legal advise if you feel you ahve been unfairly treated.