Urgent Help - FHOG Stamp Duty

Discussion in 'Accounting & Tax' started by FirstBuild, 6th Sep, 2008.

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  1. FirstBuild

    FirstBuild Well-Known Member

    Joined:
    27th Oct, 2016
    Posts:
    55
    Location:
    Sydney
    I just signed for a 500k property.

    On the FHOG website it doesnt really state clearly if 500k is $0 stamp duty or if it has to below $500k (499,999).

    Can anyone confirm if the exemption is including $500,000?

    Cheers.
     
    FirstBuild, 6th Sep, 2008
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,075
    Location:
    Sydney, NSW
    Hi Zman,

    I was a bit surprised that your mortgage broker wasn't able to help you.
    Have a read of http://www.osr.nsw.gov.au/lib/doc/factsheets/fs_fhb1.pdf
    Don't worry too much, between $500k and $600k it is a tiered scale.

    On the bottom of Page 2, it shows the formula and your result will show you how much stamp duty you need to pay. Once you calculate it, I don't think you'll be too worried.

    Cheers,

    Dan
     
    AsxBroker, 7th Sep, 2008
    #2
  3. FirstBuild

    FirstBuild Well-Known Member

    Joined:
    27th Oct, 2016
    Posts:
    55
    Location:
    Sydney
    LOL Thanks very much Dan ;)
     
    FirstBuild, 7th Sep, 2008
    #3