The Vines Collection – Stamp Duty Savings Legal Disclaimer:
The following disclaimer is provided for informational purposes regarding stamp duty, and transfer fees associated with the purchase of an off-the-plan house in South Australia, based on the example provided (“Purchase off the plan and save up to $25,000”):
- Stamp duty calculations mentioned in this disclaimer are based on Lot 579 and the prevailing rates and regulations as determined by RevenueSA.com, the official stamp duty calculator for South Australia. The stamp duty amount mentioned is an estimate and may be subject to change based on updates to the stamp duty rates or any revisions made by RevenueSA.com.
- Property transfer calculations mentioned in this disclaimer are based on Lot 579 and the prevailing rates and regulations as determined by sa.gov.au, the official property transfer fee calculator for South Australia. The transfer fees mentioned is an estimate and may be subject to change based on updates to the stamp duty rates or any revisions made by sa.gov.au.
- The settlement of the property must be completed prior to the commencement of construction, as per the scheduled start date of October 1, 2023. Failure to settle before the construction commencement date may result in changes to the applicable stamp duty rates or eligibility for savings, and any potential savings mentioned in this disclaimer may not be applicable.
- The calculations provided herein are for informational purposes only and should not be considered as legal or financial advice. These calculations are based on specific assumptions and the package price of lot 579 ($575,000) mentioned in the example. Actual stamp duty and transfer fee savings may vary depending on the specific circumstances of the property transaction, such as changes in the package price or any other relevant factors that may affect the stamp duty liability. It is important to note that savings will vary depending on individual allotments and may differ from the example provided.
- The stamp duty and transfer fee savings mentioned in this disclaimer are based on the difference between the stamp duty and transfer fees payable on the land component of lot 579 ($4996) and the stamp duty and transfer fees payable on the entire package price of lot 579 ($30,598). The stated savings of up to $25,000 represents an estimated amount that may be potentially saved in stamp duty and transfer fees. However, it is important to note that these savings are subject to change based on any alterations to the package price or changes to the stamp duty rates and transfer fees. Individual allotments may have different stamp duty rates and transfer fees, resulting in varying savings.
- It is advisable to seek professional advice from qualified legal or financial experts to obtain accurate and up-to-date information regarding stamp duty rates, transfer fees, eligibility criteria, and any potential savings associated with off-the-plan property purchases in South Australia. This disclaimer does not create a client-solicitor or client-advisor relationship, and any reliance on the information provided herein is at the individual’s own risk.
- The information provided in this disclaimer is accurate and valid as of the knowledge at its publication date. Any changes to the laws, regulations, stamp duty rates, transfer fees, or lodgement fees after this date may affect the accuracy and applicability of the information provided.
By proceeding with the purchase of an off-the-plan house, it is acknowledged that you have read and understood this legal disclaimer and agree to the terms and conditions mentioned herein.
For any further information, please contact our team.