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What is stamp duty or transfer duty?

Stamp duty (called transfer duty in Queensland, Tasmania and Western Australia) is a tax levied by all state and territory governments in Australia on the purchase of a property. It is paid by purchasers and it usually needs to be paid on or before the settlement date (see What is settlement? on our FAQ page) of your property purchase. In Tasmania, you have up to 3 months after settlement to pay transfer duty.

The rate of duty you will pay is linked to the value or purchase price of the property. The revenue office is each state or territory administers stamp or transfer duty and offers a calculator for assessing what it will cost on a particular property. Please visit the following sites for state specific calculators.

Calculators

NSW: www.apps05.osr.nsw.gov.au/erevenue/calculators/landsalesimple.php

ACT: www.revenue.act.gov.au/calculators

Qld: https://www.osr.qld.gov.au/calculators/ (encrypted site)

Vic: www.stampdutycalculator.com.au/stamp-duty-vic

Tas: www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/v-all/4829E8B44ABC1076CA25793300034073?OpenDocument&menuitem=Property%20Transfer%20Duties

SA: www.revenuesa.sa.gov.au/stamps/SDcalcs/conveycalc.html

WA: rol.osr.wa.gov.au/taxcal/

NT: www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/StampDuty/StampDutyCalculators/Pages/default.aspx

Concessions

There are also stamp duty or transfer duty concessions available in some states and territories for first home buyers or for properties below certain thresholds. Please visit the following links:

NSW: www.osr.nsw.gov.au/benefits/first_home/

ACT: www.revenue.act.gov.au/home_buyer_assistance/home_buyer_duty_concession

Qld: https://www.osr.qld.gov.au/duties/transfer-duty/exemptions-and-concessions/home-transfer-duty-concession-rates.shtml (encrypted site)

Vic:www.sro.vic.gov.au/sro/sronav.nsf/LinkView/C88211C9E07486F0CA2578B70001025018E490D796850F8ECA2575C1008187C7

Tas: www.sro.tas.gov.au/domino/dtf/SROWebsite.nsf/f-summarylist?OpenForm&menuitem=First%20Home%20Buyers&pagetype=Concessions%20&%20Exemptions

SA: www.revenuesa.sa.gov.au/stamps/fhc.html

WA: www.finance.wa.gov.au/cms/content.aspx?id=2011

NT: www.treasury.nt.gov.au/PMS/Publications/TaxesRoyaltiesGrants/HomeOwnerIncent/F-HI-002.pdf

Your OzPropertyLaw solicitor will assist you in calculating the amount of stamp duty or transfer duty to be paid and when it needs to be paid during the conveyancing process.

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