Guest Guest26110 Posted February 16, 2014 Share Posted February 16, 2014 Hi could anyone tell me please if first time home buyers pay stamp duty in Queensland. Also what would the approximate solicitors fees beand do buyers have to pay anything to the real estate agent.. We will be permanent residents. Thanks Link to comment Share on other sites More sharing options...
Alaska Posted February 16, 2014 Share Posted February 16, 2014 Have you owned a house anywhere in the world before? Link to comment Share on other sites More sharing options...
Guest Guest26110 Posted February 16, 2014 Share Posted February 16, 2014 [QUOE=Alaska;1936443441]Have you owned a house anywhere in the world before? Hi, In the uk yes, will be selling our house here. Link to comment Share on other sites More sharing options...
xlornax Posted February 16, 2014 Share Posted February 16, 2014 I would like to know this too..ive never owned a house Link to comment Share on other sites More sharing options...
Sammy1 Posted February 16, 2014 Share Posted February 16, 2014 I have no ideas about other states, but in WA, first home owners (who have never owned a house) do not pay stamp duty. They also get the first home owners grant of $3000 for an established house or $10 000 for a land and house build. Link to comment Share on other sites More sharing options...
xlornax Posted February 16, 2014 Share Posted February 16, 2014 In qld its $7500 for first home buyers and an extra $7500 if its a new build..thats all I know Link to comment Share on other sites More sharing options...
Que Sera Sera Posted February 16, 2014 Share Posted February 16, 2014 It's if it's your first home in Australia doesn't matter if you've owned in the UK before. Link to comment Share on other sites More sharing options...
Gbye grey sky Posted February 16, 2014 Share Posted February 16, 2014 The Queensland Office of State Revenue asks if you have ever held an interest in residential land anywhere in the world. Does that mean that the concession does not apply if you were a UK home owner previously or is that referring solely to residential land such as that held by a property developer? Link to comment Share on other sites More sharing options...
Gbye grey sky Posted February 16, 2014 Share Posted February 16, 2014 [QUOE=Alaska;1936443441]Have you owned a house anywhere in the world before? Hi, In the uk yes, will be selling our house here. We will be in the same position and I have reviewed the info and established that you will have to pay stamp duty if you have owned property anywhere in the world. You may be able to get half the concession if the UK property was in only one name and the partner who buys jointly has never owned a house or indeed you could buy the Oz property in that partners name I guess. No good for us as we jointly own our UK home. Link to comment Share on other sites More sharing options...
xlornax Posted February 16, 2014 Share Posted February 16, 2014 You cant but it in one name if you have a partner. .both names need to go on it..I guess to stop couples getting the first home buyer grant twice Link to comment Share on other sites More sharing options...
northshorepom Posted February 16, 2014 Share Posted February 16, 2014 Also note there are property value limits attached to the concessions & grants I think these vary from state to state? In NSW the limit is $650K, above that houses are not eligible. Which knocks out most of Sydney I appreciate the OP isn't asking about Sydney, but thought I'd mention it in case others are reading the thread Link to comment Share on other sites More sharing options...
boganbear Posted February 16, 2014 Share Posted February 16, 2014 we have just bought a house. If you are building a new one you get $15k regardless of whether you have owned property before anywhere in the world. First home owners do not pay stamp duty except if you have owned property abroad. They do check up on you so DO NOT LIE as you can get a conviction, fine and have to pay the stamp duty. I owned a flat in the Uk but my partner has never owned property anywhere so we only had to pay 50% of the stamp duty which was about $3000 for a $385k house. Conveyancing fees were about $1500 Link to comment Share on other sites More sharing options...
xlornax Posted February 16, 2014 Share Posted February 16, 2014 Limit is $750, 000 in qld I think Link to comment Share on other sites More sharing options...
Guest John Horvath Posted February 16, 2014 Share Posted February 16, 2014 The rules change on a regular basis regarding this so it is best to check with each State Revenue Department that you are looking at purchasing property in. Most states also offer some sort of First Home Owners Grant (FHOG) or bonus system providing you a government incentive towards either buying / building a new home or buying an existing home. Every now and again a State Government will provide an additional FHOG Boost to help the sale of properties and or the building of new homes. When looking at finance and costs of purchasing a property, you need to confirm what your entitlements are before entering into contracts and/or applying for finance. Links to state revenue sites transfer duties are as follows: Please note that links change - if this happens just use the first component of the link to get you to the relevant department. Please also note that this refers to the duties payable - also refer to their links or tabs on concessions (FHOG etc) available to you. In all cases call them to confirm your entitlements. QUEENSLAND https://www.osr.qld.gov.au/duties/transfer-duty/index.shtml NEW SOUTH WALES http://www.osr.nsw.gov.au/taxes/transfer-land VICTORIA http://www.sro.vic.gov.au/sro/SROnav.nsf/childdocs/-3A87315B22BC23FFCA2575A100441F59-CD1B48B2849A0120CA2575C1008058E7?open SOUTH AUSTRALIA http://www.revenuesa.sa.gov.au/taxes-and-duties/stamp-duties WESTERN AUSTRALIA https://www.finance.wa.gov.au/cms/content.aspx?id=2077 NORTHERN TERRITORY http://www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/StampDuty/Pages/default.aspx TASMANIA http://www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/Overview%20-%20Property%20transfer%20duty?OpenDocument&menuitem=Property%20Transfer%20Duties AUSTRALIAN CAPITAL TERRITORY http://www.revenue.act.gov.au/duties-and-taxes/duties/land-and-improvements When looking at purchasing property always use a professional to assist before entering into contracts and/or finance. I hope the above helps Please do not hesitate to contact me if you need assistance cheers John Horvath Link to comment Share on other sites More sharing options...
Xenon4017 Posted February 17, 2014 Share Posted February 17, 2014 Limit is $750, 000 in qld I think Well, the rebate is called Stamp Duty Concession. Below (I think) 500k-ish you qualify for all of it, assuming first home buyer etc. It tails off up to 750k. After that you don't qualify anyway. Quite eye-watering, isn't it. If it helps, try to look at it as an insurance policy which guarantees that the state will respect your title to the land. If that doesn't help, imagine what the markup is for some Govt employee to change a record in the land registry database. Link to comment Share on other sites More sharing options...
louise28 Posted February 17, 2014 Share Posted February 17, 2014 In QLD, the first home grant is 15000 for a new build. You can't get a grant of $7000 anymore for an established home unless you brought it pre 2012. Link to comment Share on other sites More sharing options...
xlornax Posted February 17, 2014 Share Posted February 17, 2014 In QLD, the first home grant is 15000 for a new build. You can't get a grant of $7000 anymore for an established home unless you brought it pre 2012. Really?! My bank and estate agent told me different last week Link to comment Share on other sites More sharing options...
Johndoe Posted February 17, 2014 Share Posted February 17, 2014 In qld its $7500 for first home buyers and an extra $7500 if its a new build..thats all I know Thought they did away with the first home buyers grant fo houses previously occupied late last year........another newman policy. Link to comment Share on other sites More sharing options...
Johndoe Posted February 17, 2014 Share Posted February 17, 2014 In QLD, the first home grant is 15000 for a new build. You can't get a grant of $7000 anymore for an established home unless you brought it pre 2012. you beat me to it. Link to comment Share on other sites More sharing options...
Johndoe Posted February 17, 2014 Share Posted February 17, 2014 Really?! My bank and estate agent told me different last week Yep, mine did this morning as well. I'm splitting this big bugger with the ex and buying a 3 bed unit with my half. I was gonna put it in my son's name till I came home and checked. Good job I didn't go ahead. I think I'll keep it in mine and just will it to him. Link to comment Share on other sites More sharing options...
Xenon4017 Posted February 17, 2014 Share Posted February 17, 2014 Yep, mine did this morning as well. I'm splitting this big bugger with the ex and buying a 3 bed unit with my half. I was gonna put it in my son's name till I came home and checked. Good job I didn't go ahead. I think I'll keep it in mine and just will it to him. Sorry to hear you're selling. What will you do with the fish? Link to comment Share on other sites More sharing options...
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