R
RMUL90
Guest
Hi people..i have been reading about this topic on this forum for the last couple of months.basically i am moving to oz for a few years and i was worried that i would be liable for stamp duty clawback as i bought my house only last year.
However after recieving independant tax advice i am fairly certain that i am not liable. basically the clawback applies only "if at the time of purchase your intention was to rent it out at some stage within five years".
At my time of purchase i fully intended to stay in it for at least 5 years but i have been given an opportunity to live in oz for a few years .Therefore the stamp duty on my mortage transaction does not apply. that is the way my tax advisor has read the relevant piece of legislation and she is fairly confident i would not be liable.
However after recieving independant tax advice i am fairly certain that i am not liable. basically the clawback applies only "if at the time of purchase your intention was to rent it out at some stage within five years".
At my time of purchase i fully intended to stay in it for at least 5 years but i have been given an opportunity to live in oz for a few years .Therefore the stamp duty on my mortage transaction does not apply. that is the way my tax advisor has read the relevant piece of legislation and she is fairly confident i would not be liable.