Registration of transfer and payment of stamp duty
Under the Barrier Free model, stamp duty is only required to be paid to the ACT Revenue Office after registration of title at Access Canberra.
The transfer must be lodged for registration, and stamp duty paid, within 14 days after the settlement date. Penalty tax may be applied if the transfer is lodged late.
The relevant precedents in the By Lawyers ACT Purchase Guide have been updated accordingly, including:
- All initial letters to buyer;
- To do list; and
- Finalisation letter to buyer.