fossilesqueM to Science MemesEnglish · 4 months agoHermit Crab Housing Marketimagemessage-square56fedilinkarrow-up11.68Karrow-down115
arrow-up11.66Karrow-down1imageHermit Crab Housing MarketfossilesqueM to Science MemesEnglish · 4 months agomessage-square56fedilink
minus-squareI_Miss_Daniel@lemmy.worldlinkfedilinkEnglisharrow-up11arrow-down1·4 months agoIn Australia we lose about six months wages to ‘stamp duty’ if we move. Better to stick with the oversized shell.
minus-squareDharma Curious (he/him)@slrpnk.netlinkfedilinkEnglisharrow-up6·4 months agoCan you explain for an American?
minus-squareÐ Greıt Þu̇mpkin@lemm.eelinkfedilinkEnglisharrow-up2arrow-down1·4 months agoStamp duty makes it sound like it’s what happened to them because they didn’t kick the brits out over the stamp act.
minus-squareI_Miss_Daniel@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down3·4 months agoNot fully as I don’t really understand it. https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty The calculator on that page says I would owe them $17k if I purchase a $500k property.
In Australia we lose about six months wages to ‘stamp duty’ if we move. Better to stick with the oversized shell.
Can you explain for an American?
Stamp duty makes it sound like it’s what happened to them because they didn’t kick the brits out over the stamp act.
It’s a tax on buying a house.
Not fully as I don’t really understand it.
https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty
The calculator on that page says I would owe them $17k if I purchase a $500k property.
wat