on 28-02-2018 01:43 PM
on 28-02-2018 01:43 PM
I am doing a transfer from a deceased estate to a beneficiary, and accordingly we act for both parties and are the eCT controller.
The fee totals $307.00 - wow !
A fee for both the Transferor and the Transferee and then the lodging fee.
I could have lodged paper transaction at LTO for $94.60.
Have I done something wrong.......???
on 01-03-2018 01:15 PM
on 01-03-2018 01:15 PM
Hi @sek
You have done nothing wrong at all.
In PEXA, each party (transferor and transferee) pays a PEXA fee of $110.55.
The PEXA fee covers the following services:
The PEXA fee is separate from the statutory lodgement fees, which are set by each jurisdiction’s Land Registry.
$94.60 would represent the fee payable to the Land Titles Office in paper. In an electronic lodgement that fee is reduced to $85.90.
We have attached the following links to assist you with the benefits of using PEXA:
https://community.pexa.com.au/t5/Ask-the-PEXA-Community/SELLING-PEXA-TO-YOUR-CLIENT/m-p/4936
https://community.pexa.com.au/t5/Share-your-Experiences/SELLING-PEXA-TO-YOUR-CLIENT/m-p/1208