Hi guys, Found QLD stamp duty, not first property, for self living and investment house, self living is cheaper, how to prove it's for self living? with elec/gas bill?
You would rather keep it empty to save on transfer duty? You would save the duty but lose the rent you could get by renting it out. You risk being caught and fined. The duty is added to the cost base when you sell. Why would you do that?
you need to sign a declaration when buying and make sure you comply with the rules. You don't need to provide proof unless audited or there is something else that alerts them (eg you lodge a bond with the RTA when you claimed residence discount).
My understanding is you also have to move into it within 6 months of your settlement date to claim Owner Occupier concessions on Stamp Duty.
