One of the main upfront costs for buying a home is stamp duty.
But what is stamp duty and when do you need to pay it?
At a basic level, stamp duty is tax which is imposed on various acquisitions including real estate, cars and assets belonging to a business. Further, it can also be charged on home loans, gifts and some insurances.
For real estate, stamp duty is payable within 30 days of settlement of you new property.
For a Stamp Duty Calculator please click here.