What You Should Know About Victoria's Stamp Duty

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WHAT YOU SHOULD KNOW ABOUT VICTORIAS STAMP DUTY

• Victorians confront a significant initial hurdle
  to the real estate market because their state has
  some of the highest stamp duty rates in the
  nation. 

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DESCRIBE STAMP DUTY

• When you purchase or receive a property, the
  state of Victoria levies a tax known as stamp
  duty, or land transfer duty. 

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HOW MUCH STAMP DUTY IS CHARGED IN VICTORIA, AND
HOW IS IT DETERMINED?  

• The amount of land transfer duty you must pay is
  determined using a sliding scale. This is based
  on the dutiable value of your property.  

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WHAT DOES DUTIABLE VALUE MEAN

• A propertys dutiable value is the higher of the
  price you paid for it or its market value. This
  implies that stamp duty will still be due by
  anyone who received a property as a gift,
  acquired it through a trust, or purchased it for
  a large discount.    

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Who in Victoria Free From Paying Stamp Duty?

• These include a first-time homeowner, acquiring a
  residence, a retiree, shopping off-the-cuff.

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Contact Us

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• reception_at_thecompanyre.com.au
• 03 5918 4315
• Content Resource https//thecompanyre.com.au/what-
  you-should-know-about-victorias-stamp-duty/

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