Stamp Duty On Call Option Agreement

The advantage for the developer is that he has a guaranteed sale, because even if the developer does not find a third party, the “put” option allows him to force the client to buy at the agreed price. One of the main reasons people use a sell and call option agreement is to offer the opportunity to resell the property without creating a double transmission tax in Queensland. In this model, you enter into a nomination agreement with the final buyer, in which you agree to name the final buyer as part of the Put and Call option agreement. The transfer tax of the Call option must be paid even if the transfer is made by a foreign owner who holds the call and set option – s 108A.

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