1 11.11.18 Registered User Messages 36 23 Mar 2006 #1 second time buyer lookin to buy apartment - new - with my friend who is a first time buyer....he would live ther but i would not...hoping to avoid stamp duty of possible whats the best way to go about this?? what r the tax implications?
second time buyer lookin to buy apartment - new - with my friend who is a first time buyer....he would live ther but i would not...hoping to avoid stamp duty of possible whats the best way to go about this?? what r the tax implications?
D Dell_Boy Registered User Messages 49 23 Mar 2006 #2 Correct me if Im wrong someone but there is no stamp duty payable on a new place if below a certain size (approx 1200 sq feet I think)
Correct me if Im wrong someone but there is no stamp duty payable on a new place if below a certain size (approx 1200 sq feet I think)
B bacchus Registered User Messages 1,814 23 Mar 2006 #3 AFAI, only owner-occupiers are exempt of SD for new build less than 125sqm or below chargeable consideration threshold if more than 125sqm.
AFAI, only owner-occupiers are exempt of SD for new build less than 125sqm or below chargeable consideration threshold if more than 125sqm.