niknjas

Stamp Duty

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    Guest David Brown

    I know its a nightmare, got quite a shock a few weeks a go when I bought a car, stamp duty I said, I thought that was just for houses. Well I managed to use my ignorance as an excuse to knock the car price down a bit further!

     

    Anyway I bought a car for 17000 and paid around 600 duty, but its quite a whack on house purchases.

     

    Please say you're jesting - even on cars?!?

    How much stamp duty can you expect to pay on things as a rule?

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    Guest SA Great
    Please say you're jesting - even on cars?!?

    How much stamp duty can you expect to pay on things as a rule?

     

    Hi niknjas it's your fellow Swindonian here!! Yes stamp duty is fairly high. On houses I think its around 5% in SA. A friend of ours recently bought a property for $500,000 and spent around $25,000 on stamp duty. Also, every time you buy a car, new or second hand, you pay stamp duty. We bought a car for $15,000 and we paid $540. Hope everything is going well.

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    Guest Jim Scott

    Government fees for property purchases:

     

    TITLE TRANSFER FEE:

    Up to $5,000 = $112.00

    $5,001-$20,000 = $125.000

    $20,001-$40,000 = $140

    > $40,00 =$201 + $62 for

    every $10,000 or part $10,000

    above $40,000

    +

     

    STAMP DUTY

    Owner – Occupied and Investment

    Charge is based on the purchase price, first part of section below is the purchase price range, which attracts a lump sum, then a % for the actual price exceeding the selected range.

    Example: purchase price $320,000 = $11,330 + ($320,000 - $300,000 = $20,000 x 5% = $1,000) i.e. $11,330 + $1,000 = $12,330

     

    $0 - $11,999 = 1%

    $12,000 - $29,999 = $120 + 2% > $12,000

    $30,000 - $49,999 = $480 + 3% > $30,000

    $50,000 - $99,999 = $1,080 + 3.5% > $50,000

    $100,000 - $199,999 = $2,830 + 4% > $100,000

    $200,000 - $249,999 = $6,830 + 4.25% > $200,000

    $250,000 - $299,999 $8,955 + 4.75% > $250,000

    $300,000 - $499,999 = $11,330 + 5% > $300,000

    >$500,000 = $21,330 + 5.5% > $500,000

    First Home Owners

    From June 4, 2008 First

    Home Owners no longer get

    any concessions on stamp duty

    instead having access to an

    extra $4,000 bonus on top of

    their FHOG

     

    +

     

    $112 to register a mortgage

     

    +

     

    Mortgage stamp duty, depends on how much you borrow and only applicable for investment properties..

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