A-Z for Property Investing
Just click on any of the abbreviations or phrases below and the section will expand to show an up to date explanation including links to other pages or other websites. If you feel anything should be changed or should be added please let us know!
LVR
Loan to Value Ratio
FIRB
Foreign Investment Review Board
Stamp Duty
Stamp duty is a tax levied upon the sale of shares and property to cover the cost of the legal documents of such transactions. It is levied by the respective state governments and cuts in at various rates depending upon which state you reside.
Stamp-Duty exemptions or stamp duty concessions will vary from state to state, but if you are a first-home buyer or have purchased a home below the requisite threshold you may not have to pay stamp-duty. Also it could be possible that you are eligible for some stamp-duty concessions.
For instance, in Tasmania, purchasers who are eligible for the First Home Owners Grant are eligible to receive a maximum stamp duty concession of $4,000 for the purchase of owner occupied property valued up to $350,000.
In South Australia, Properties with a purchase price or value of $80,000 or less will receive a full concession of Stamp Duty. The amount of the concession is reduced from 100% to 50% when the value of the property is between $80,001 and $100,000. The concession will remain at 50% where the property is valued at between $100,001 and $150,000.
If you want a guide on how much stamp-duty you might hypothetically have to pay, then you may find this stamp-duty calculator useful in providing an estimate of stamp-duty costs incurred.
Stamp-Duty exemptions or stamp duty concessions will vary from state to state, but if you are a first-home buyer or have purchased a home below the requisite threshold you may not have to pay stamp-duty. Also it could be possible that you are eligible for some stamp-duty concessions.
For instance, in Tasmania, purchasers who are eligible for the First Home Owners Grant are eligible to receive a maximum stamp duty concession of $4,000 for the purchase of owner occupied property valued up to $350,000.
In South Australia, Properties with a purchase price or value of $80,000 or less will receive a full concession of Stamp Duty. The amount of the concession is reduced from 100% to 50% when the value of the property is between $80,001 and $100,000. The concession will remain at 50% where the property is valued at between $100,001 and $150,000.
If you want a guide on how much stamp-duty you might hypothetically have to pay, then you may find this stamp-duty calculator useful in providing an estimate of stamp-duty costs incurred.