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Stamp Duty
Calculator | Sample Sale Invoice | Sample
Purchase Invoice | 2003 Transfer Registration
Fees
SAMPLE
TAX INVOICE
SETTLEMENT STATEMENT FOR THE SALE OF PROPERTY SITUATED AT *****
DATE OF ADJUSTMENT: Thursday, 31 March 2005
|
|
Debits
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Credits
|
|
By: Contract Price
|
|
$300,000.00
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Adjustment of Rates and Taxes
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|
|
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Council Rates of $758.00 p.a. paid to 30/06/2005 (92 days)
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$191.06
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Emerg. Services Levy of $78.00 p.a. paid to 30/06/2005 (92
days)
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$19.66
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Save The Murray Levy of $30.60 p.a. paid to 30/09/2005 (92
days)
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$ 7.71
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Water Rates of $861.00 p.a.paid to 30/09/2005 (92 days)
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$217.02
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To:
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Allowance for Water Usage
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$350.00
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Searches and Disbursements
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$265.00
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Conveyancing Fee
re: Taking instructions, correspondence, preparation of Transfer,
Council Advice, First Home Application (if applicable), Settlement
Statement, liaison with Lender, signing, stamping, searching
attendance to Settlement at the Lands Titles Office.
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$400.00
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GST on Conveyancing Fee
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$40.00
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Agent's Commission (including any applicable GST)
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$7,000.00
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Advertising
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$2,000.00
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Your Outgoing Mortgage
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$198,578.25
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| |
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Registration of Discharge
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$98.00
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| |
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Pay Council Rates to 30/06/2005
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$300.00
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Pay Emerg. Services Levy to 30/06/2005
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$78.00
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Pay Save The Murray Levy to 30/09/2005
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$7.65
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Pay Water Rates until - 30/09/2005
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$215.25
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| |
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AMOUNT DUE TO YOU AT SETTLEMENT
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$91,103.30
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$300,435.45
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$300,435.45
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Total amount of GST paid on conveyancing
fees and charges is $40.00 E & OE.
Purchasing a Property
If you have already entered into a contract for purchase, the conveyancer
should be asked any technical questions during a 'cooling off' period
(if applicable) - it is then easy to start again if original contract
needs alterations.
Advice is given on First Home Stamp Duty Concession which has changed,
the First Home Owner's Grant. The method of adjustment for rates
and taxes is shown in standard contract but not everyone knows how
this works - ask the conveyancer! All necessary searches are carried
out on the property and conveyancer pays this money upfront and
is reimbursed on statement (see above example).
Again a typical transaction includes liaison with purchasers, lenders,
vendors conveyancer etc. Net loan amounts (bank deduct their fees
from gross loan) are then shown on your statement.
Sale of Property
When a real estate agent has successfully marketed your property
and found a buyer a formal Contract of Sale will be entered into
by both vendor (you) and purchaser (buyer).
The Law does not allow your agent to do the settlement part and
so an agent needs to know who you want to use as a conveyancer.
If you do not have anyone in mind you can choose to shop around
(via the Internet for example) or you can ask an agent; bank manager
finance broker for a recommended conveyancer.
Remember the Choice is Yours.
Once appointed, a conveyancer will if property is currently mortgaged
set about obtaining payout amounts from the lender. All rates and
taxes will be looked as to their current state. A tax invoice or
settlement statement like the example shown above will be provided
showing all costs of sale etc. The conveyancer needs to liaise with
many people during a transaction and upon satisfactory settlement
will advise the selling agent of completion of proceedings.
SAMPLE TAX INVOICE
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SETTLEMENT STATEMENT FOR THE PURCHASE OF PROPERTY SITUATED AT *
* * *
DATE OF ADJUSTMENT: Thursday 31 March 2005
| |
Debits
|
Credits
|
|
To: Contract Price
|
$300,000.00
|
|
|
Adjustment of Rates and Taxes
|
|
|
|
Council Rates of $758.00 p.a. paid to 30/06/2005 (92 days)
|
$191.06
|
|
|
Emerg. Services Levy of $78.00 p.a. paid to 30/06/2005 (92
days)
|
$19.66
|
|
|
Save The Murray Levy of $30.60 p.a. paid to 30/09/2005 (92
days)
|
$7.71
|
|
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Water Rates of $861.00 p.a. paid to 30/09/200 (92 days)
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$217.02
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| |
|
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Searches and Disbursements
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$125.00
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Conveyancing Fee
re: Taking instructions, Correspondence, preparation of discharge
authority, Proceeds Authority, Settlement Statement. Obtaining
loan indebtedness, signing, searching, attendance to Settlement
at the Lands Titles Office.
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$400.00
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GST on Conveyancing Fee
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$40.00
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Registration
of Transfer
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$1524.00
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-
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Stamp
Duty on Transfer
- includes stamp duty concession
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$11,330.00
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-
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Deposit Paid
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$5,000.00
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Your Incoming Mortgage
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$260,587.50
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| AMOUNT DUE TO YOU AT SETTLEMENT |
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$48,266.95 |
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$313,854.45
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$313,854.45
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Total amount of GST paid on conveyancing
fees and charges is $40.00 E & OE.
Once settlement occurs the real
estate office is advised which means the purchaser can now have
the keys - the property is his/hers to enjoy.
Transfer
Registration Fees as at 1st July 2009
Top of Page - Click Here
| 0 |
5,000 |
$117.00 |
| 5,001 |
20,000 |
$131.00 |
| 20,001 |
40,000 |
$146.00 |
| 40,001 |
50,000 |
$209.00 |
| 50,001 |
60,000 |
$274.00 |
| 60,001 |
70,000 |
$339.00 |
| 70,001 |
80,000 |
$404.00 |
| 80,001 |
90,000 |
$469.00 |
| 90,001 |
100,000 |
$534.00 |
| 100,001 |
110,000 |
$599.00 |
| 110,001 |
120,000 |
$684.00 |
| 120,001 |
130,000 |
$729.00 |
| 130,001 |
140,000 |
$794.00 |
| 140,001 |
150,000 |
$859.00 |
| 150,001 |
160,000 |
$924.00 |
| 160,001 |
170,000 |
$989.00 |
| 170.001 |
180,000 |
$1,054.00 |
| 180,001 |
190,000 |
$1,119.00 |
| 190,001 |
200,000 |
$1,184.00 |
| 200,001 |
210,000 |
$1,249.00 |
| 210,001 |
220,000 |
$1,314.00 |
| 220,001 |
230,000 |
$1,379.00 |
| 230,001 |
240,000 |
$1,444.00 |
| 240,001 |
250,000 |
$1,509.00 |
| 250,001 |
260,000 |
$1,574.00 |
| 260,001 |
270,000 |
$1,639.00 |
| 270,001 |
280,000 |
$1,704.00 |
| 280,001 |
290,000 |
$1,769.00 |
| 290,001 |
300,000 |
$1,834.00 |
| 300,001 |
310,000 |
$1,899.00 |
| 310,001 |
320,000 |
$1,964.00 |
| 320,001 |
330,000 |
$2,029.00 |
| 330,001 |
340,000 |
$2,094.00 |
| 340,001 |
350,000 |
$2,159.00 |
| 350,001 |
360,000 |
$2,224.00 |
| 360,001 |
370,000 |
$2,289.00 |
| 370,001 |
380,000 |
$2,354.00 |
| 380,001 |
390,000 |
$2,419.00 |
| 390,001 |
400,000 |
$2,484.00 |
| 400,001 |
410,000 |
$2,549.00 |
| 410,001 |
420,000 |
$2,614.00 |
| 420,001 |
430,000 |
$2,679.00 |
| 430,001 |
440,000 |
$2,744.00 |
| 440,001 |
450,000 |
$2,809.00 |
| 450,001 |
460,000 |
$2,874.00 |
| 460,001 |
470,000 |
$2,939.00 |
| 470,001 |
480,000 |
$3,004.00 |
| 480,001 |
490,000 |
$3,069.00 |
| 490,001 |
500,000 |
$3,134.00 |
| 500,001 |
510,000 |
$3,199.00 |
| 510,001 |
520,000 |
$3,264.00 |
| 520,001 |
530,000 |
$3,329.00 |
| 530,001 |
540,000 |
$3,394.00 |
| 540,001 |
550,000 |
$3,459.00 |
| 550,001 |
560,000 |
$3,524.00 |
| 560,001 |
570,000 |
$3,589.00 |
| 570,001 |
580,000 |
$3,654.00 |
| 580,001 |
590,000 |
$3,719.00 |
| 590,001 |
600,000 |
$3,784.00 |
| 600,001 |
610,000 |
$3,849.00 |
| 610,001 |
610,000 |
$3,914.00 |
| 620,001 |
630,000 |
$3,979.00 |
| 630,001 |
640,000 |
$4,044.00 |
| 640,001 |
650,000 |
$4,109.00 |
| 650,001 |
660,000 |
$4,174.00 |
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