The GST and Stamp Duty liable on a commercial property purchase is a major consideration for investors and developers – frequently taking purchasers by surprise and causing major headaches.
Many lenders do not offer business loans higher than 60-65% of the value of the property. Therefore in most cases, a 35-40% deposit is required to complete the purchase.
In addition to the need for a large deposit, the purchase can attract many other significant upfront costs: legal costs, council fees, registration fees and search fees to name a few.
On top of all this, you have two additional major cost considerations:
To become Australia’s leading property tax funder.
To assist commercial property buyers in funding their property taxes through easy application and fast approvals, utilising innovative processes.
No need to panic
TaxLend offers fast approvals of short-term funding for your GST and Stamp Duty costs on commercial property purchases.
It’s easy! By filling in an application that takes less than 5 minutes, you will be on your way to securing up to 100% of the GST and/or Stamp Duty liable on your property purchase. Take the stress out of the purchase and reserve your working capital or personal funds for more important expenses – use TaxLend!