Avoiding settlement issues, and off the plan sales
Double stamp duties refer to a situation where a buyer is required to pay stamp duty twice for the same transaction. This often occurs when there is a change in the ownership structure or when there are errors in the transfer documents.
Double stamp duty issues can arise in various situations, such as when a property is transferred from a company to an individual or from one individual to another. The stamp duty is typically paid on the transfer of ownership, but if there is a change in the ownership structure, such as the transfer of shares in a company that owns the property, then stamp duty may also be payable on the transfer of the shares. This can result in the payment of double stamp duty.