Double Stamp Duty ?? Joint Purchasers

Another warning about changes to Victorian real estate contracts. 

Where there are two or more purchasers under a contract for the sale of dutiable property, if the transfer of land shows the purchasers in different proportions to the contract, double duty can apply.

There is a transfer of an interest in hand from vendor to the two purchasers, and there is a transfer or assignment from one purchaser to the other of part of the 1st purchasers interest.

Yet another reason, not to play with fire ?? get the planning right before buying and don??t use unskilled conveyancing firms to save a few fees. 

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