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Why is buying a pre-sold strata unit relevant to the paying of Property Transfer Tax?

April 26, 2017buying paying pre-sold Property relevant Strata tax transfer

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Why is buying a pre-sold strata unit relevant to the paying of Property Transfer Tax?

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Most purchasers of pre-sold strata units will pay tax on the total consideration paid for the unit rather than on its fair market value as at the date of registration.