Bankruptcy & the Family Home
Understandably, bankrupts know that the loss of the home will disrupt the family unit, not only affecting the bankrupt but also their children and partners/spouses that may be solvent.
Exemptions From Stamp Duty: Transfers Between Spouses or Former Spouses
The Stamp Duties Act 1923 outlines a variety of situations where parties will be exempt from paying stamp duty when transferring their interest in a property.
State Government Surcharge on Foreign Purchasers: No Longer a Foreign Concept
Foreign purchasers will be required to pay a 4% surcharge of the dutiable value of property acquired (including part of a property or a part interest in the property) in South Australia.