Stamp Duty

[dynogrl]

I've got an unusual situation here.....  my ex was made bankrupt and the trustees seized his share of our property.  To cut a veeery long story short, I have just purchased the trustees interest in the property (for the bargain sum of $4200!!  )  I've signed the paperwork so it's all done and dusted.  Now my question is do I pay stamp duty?  And if I do, do i pay it on the $4200 or on what the property is valued at?  I've rung the Office of State Revenue but that was like chasing my tail...the woman I spoke to didn't appear to have a clear answer and her accent was very thick! 

[dynogrl]

Why is that Bob? LOL

[tulip*place]

Think you might need to call Office of State Revenue.    Had a quick look

and it mentions that no Stamp Duty payable if transfer from Joint Tennants to Tennants in Common between spouses, but

your situation is different.  Let us know dynogirl.

[dynogrl]

I already called the Office of State Revenue Tulip.....  very confusing to say the least! No clear answer at all

[tulip*place]

A bit more info:

https://www.afsa.gov.au/debtors/bankruptcy/bankruptcy-overview/information-for-non-bankrupt-co-owner...

[azureline**]

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@dynogrl wrote:

I already called the Office of State Revenue Tulip.....  very confusing to say the least! No clear answer at all

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call the land titles office?

[dynogrl]

Thanks Tulip....I had already looked at that link and it has no info regarding stamp duty