ASK219: How does Multiple Dwelling Relief work? PLUS: How long do I have to sell my former home and claim a stamp duty refund?
This week on Ask Rob & Rob, the guys have got a stamp duty special! We know, we’re just too good to you!
Our first caller with his stamp duty related question is Medassa. He’s in the process of buying two blocks of flats with a business partner which are blocks of six and five individually let apartments.
He’s wondering how multiple dwelling relief works. To his understanding, you can split the stamp duty costs amongst each individual apartment which will reduce the stamp duty costs.
But is he right?
The second question this week comes from Stan. He’s obviously been busy listening to the podcast which has sparked up his own question.
Like a previous listener, he wasn’t aware that if you kept hold of a residential property and bought a new one to live in, that further down the line you could claim back the higher amount of stamp duty that you would have paid.
So now Stan is wondering just what exactly is this time frame and has he missed the boat to make a claim?
Tune in to find out...
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