Combining Dutiable Transactions
The transfer duty on multiple dutiable transactions must be added together and treated as a single transaction. These transactions can only be combined however when they are ‘related’ - meaning they form one arrangement or are ‘aggregated’ based on certain factors.
Aggregation of dutiable transactions is compulsory under section 30 of the Duties Act 2001.
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Conveyancing Finance Approval Help for Buyers
The First Home Loan Deposit Scheme (‘FHLDS’) was announced during the recent Federal election.
The new rules state that first time buyers need now only save a 5% deposit when they purchase a new property. Currently most banks and financiers require a 20% deposit before they will consider providing finance for the purchase of a residential property.
The FHLDS will guarantee loans through the Nation.....