Reduce the stress of buying and selling property.
Whether you are a buyer or seller, or both, PEXA Key helps you settle with confidence. A property transaction can be a confusing and complicated process, we aim to help reduce the stress around settlement. Ask your representative (property lawyer or conveyancer) to get you started. Regards: https://key.pexa.com.au/
Duty payable on late settlement and default interest
Duty is calculated on the dutiable value of a property. Dutiable value includes late settlement interest resulting from: a late settlement a settlement failing and being rescheduled. Why is duty paid on late settlement interest? Late settlement interest is part of the consideration which ‘moves’ the transfer of the land. This was confirmed by a 2020 […]