View Fhog Stamp Duty PNG
View Fhog Stamp Duty
PNG. It may be worth looking into. When you buy your home, you will most likely pay land transfer duty (otherwise known as stamp duty).
Stamp duty with no reduction is $17,870. The first home owner grant (fhog) is a cash grant designed to help people who have never owned property before get into their first home. Stamp duty exemptions remain in place for new homes only with new caps of $550,000 for a full exemption and with partial exemptions for between $550,000 and $650,000.
Stamp duty for principle place of residence is $15,370.
Transfer duty applies when you transfer land in queensland—this typically happens when a person signs a contract to buy a home or when their name is added to the title of land. The maximum concession of $8,750 applies to homes valued up to $504,999, falling to $875 for a home costing $549,999. How much you pay depends on your property's value, what you're using it for, if you are a foreign purchaser, and whether you are eligible for any exemptions or concessions. Stamp duty with no reduction is $17,870.
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