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10 points

In Australia we lose about six months wages to ‘stamp duty’ if we move. Better to stick with the oversized shell.

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6 points

Can you explain for an American?

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1 point

Stamp duty makes it sound like it’s what happened to them because they didn’t kick the brits out over the stamp act.

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1 point

It’s a tax on buying a house.

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-1 points

Not fully as I don’t really understand it.

https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty

The calculator on that page says I would owe them $17k if I purchase a $500k property.

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2 points

wat

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