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You may need to pay land tax if you own, or jointly own, any property in NSW that is not your principal place of residence (your home) or other exempt land as at midnight on 31 December and the total taxable value of your land is greater than the land tax threshold.
When you buy a property costing over Â£125,000 the stamp duty is usually payable within 30 days of the 'effective date'. This 'effective date' is usually the day of completion.There are a few circumstances under which the stamp duty is payable earlier.If you pay for the property before completion, or you move in before the day of completion, the 30-day clock starts ticking on this earlier date.se our stamp duty calculator. Stamp duty is a tax on land and property transactions. Its full name is 'stamp duty land tax' (SDLT) but most people shorten it to 'stamp duty', and that's what we'll call it throughout this guide. You'll have to pay stamp duty if you're buying a house or flat worth Â£125,000 or more.