Different Class fo Building for Stamp Duty Purposes (VIC)

Discussion in 'Legal Issues' started by JK200SX, 29th Nov, 2016.

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  1. JK200SX

    JK200SX Well-Known Member

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    I have a question in relation to the classes of building as outlined in section 4 on page 9 of the following document:

    http://www.sro.vic.gov.au/sites/default/files/Duties-Form-04A_3.pdf

    I'm interested in the line where it says, "not including basements", relative to the situation I will describe here; If the apartment block in question as 3 levels of apartments, and the ground level is the carpark, can the carpark be considered as a "basement"? (ie there is no underground floor). So, in this instance, would the building be considered as a high rise, ie the 3 point item in section 4?

    Thanks
    .
     
    JK200SX, 29th Nov, 2016
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Call OSR and they will tell you to avoid error
     
    Paul@PAS, 2nd Dec, 2016
    #2
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