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Your a wealth of information Amanda. By 'stamp duty' do you mean 'Title Transfer Tax'? The laws have changed a lot in the last few years and I'm sure i need updating.

You are better off by holding condo shares in a LLC in the US, that is if you live in the US.

The government does not charge a "title transfer tax." The payment made to government to transfer the title is a form of stamp duty.

However, because many people are not familiar with the term, stamp duty, we simplify it by calling it the title transfer tax.

Thanks

Amanda, Aren't the properties held by older corporations grandfathered into to this loop hole and still transferable with out anyone paying the title transfer/stamp duty?

So is there a need for the corp. or is that just a waste of my money?

TIA

What is an "LLC"....TIA

Limited Liability Corporation

Thanks.

No.