easements and stamp duty

Discussion in 'Legal Issues' started by drfuzzy, 12th Oct, 2016.

Join Australia's most dynamic and respected property investment community
  1. drfuzzy

    drfuzzy Well-Known Member

    Joined:
    13th Sep, 2015
    Posts:
    59
    Location:
    Australia
    My neighbour (the body corporate of a block of apartments) has agreed to allow me expunge an obsolete easement on my property provided I pay all costs. The have also requested that I update their plan of subdivision and the altered plan of subdivision be registered with the titles office at my cost.

    I am not sure what these costs are. My main concern is stamp duty. If stamp duty is payable on their property it could run into hundreds of thousands of dollars.

    Can a plan of subdivision on a neighboring property be altered to remove an easement without stamp duty? The relevant state is Victoria.
     
    Last edited: 12th Oct, 2016
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,211
    Location:
    Sydney or NSW or Australia
    Contact a surveyor - after 7 years of uni/post grad they may be able to provide you with some answers.
     
    Colin Rice likes this.