Government Property Transfer Duties
The Basics of Stamp Duty
Stamp Duty or Transfer Duties varies from state to state. The following information is current as at March 2011 and does not take into account any concessions that may be available.
As can be seen, stamp duty can add significantly to the purchase price of a property so it's vital that you take this into account when you're looking to buy your new home.
In the case of residential transfers, stamp duty can be charged at a concessional rate. Certain prerequisites must be met before the concessional rate is approved such as property value, property type and occupancy requirements. To find out which concessions are available in your state contact the Office of State Revenue.
Click on the state or region of interest on the below map to see the stamp duties applicable:
New South Wales
| $0 - $14,000 |
$1.25 for every $100 or part of the dutiable value |
| $14,001 - $30,000 |
$175 plus $1.50 for every $100 or part , by which the dutiable value exceeds $14,000 |
| $30,001 - $80,000 |
$415 plus $1.75 for every $100 or part, by which the dutiable value exceeds $30,000 |
| $80,001 - $300,000 |
$1,290 plus $3.50 for every $100 or part, by which the dutiable value exceeds $80,000 |
| $300,001 - $1m |
$8,990 plus $4.50 for every $100 or part, by which the dutiable value exceeds $300,000 |
| Over $1m |
$40,490 plus $5.50 for every $100 or part, by which the dutiable value exceeds $1,000,000 |
| Over $3m |
In residential purchases over $3,000,000, $7.00 per $100 or part, by which the dutiable value exceeds $3,000,000 |
Exemptions and concessions apply to:
First Home Benefits
New Home Grant Scheme
NSW Home Builders Bonus (ending 30 June 2012)
More information:
Refer to the New South Wales Office of State Revenue Website
http://www.osr.nsw.gov.au/
Victoria
The rates of duty are different depending on when the contract to purchase property is entered into:
For contracts entered into on or after 6 May 2008 - The rate of duty charged is on a sliding scale down from a top rate of 5.5% for property valued at more than $960,000 to a base rate of 1.4% for properties valued at not more than $25,000.
For contracts entered into before 6 May 2008 - The rate of duty charged is on a sliding scale down from a top rate of 5.5% for property valued at more than $870,000 to a base rate of 1.4% for properties valued at not more than $20,000.
Exemptions and concessions apply to:
Family Farm Concession
Pensioner Exemption and Concession
First Home Owner with Family Concession
Principal Place of Residence Exemption or Concession
Corporate Reconstruction Concession
Charities and Friendly Societies
Duty Concession for Off The Plan Sales
More information:
Refer to the Victorian Office of State Revenue Website
http://www.sro.vic.gov.au/
Queensland
Transfer duty rates applicable from 1 July 2008
Up to $5,000 |
Nil |
$5,000 to $75,000 |
$1.50 for each $100, or part of $100, by which the dutiable value is more than $5,000 |
$75,000 to $540,000 |
$1,050 plus $3.50 for each $100, or part of $100, by which the dutiable value is more than $75,000 |
$540,000 to $980,000 |
$17,325 plus $4.50 for each $100, or part of $100, by which the dutiable value is more than $540,000 |
$540,000 to $980,000 |
$37,125 plus $5.25 for each $100, or part of $100, by which the dutiable value is more than $980,000 |
Exemptions and concessions apply to:
Home Concession
First Home Concession
First Home Vacant Land
More information:
Refer to the Queensland Office of State Revenue Website
http://www.osr.qld.gov.au/
Western Australia
These are the rates of duty in Western Australia effective 1 July 2008
General Rate
$0 – $80,000 |
|
$1.90 |
Per $100 or part thereof |
$80,001 – $100,000 |
$1,520 + |
$2.85 |
Per $100 or part thereof above $80,000 |
$100,001 – $250,000 |
$2,090 + |
$3.80 |
Per $100 or part thereof above $100,000 |
$250,001 – $500,000 |
$7,790 + |
$4.75 |
Per $100 or part thereof above $250,000 |
| $500,001 and upwards |
$19,665 + |
$5.15 |
Per $100 or part thereof above $500,000 |
Residential Rate
$0 – $120,000 |
|
$1.90 |
Per $100 or part thereof |
$120,001 – $150,000 |
$2,280 + |
$2.85 |
Per $100 or part thereof above $120,000 |
$150,001 – $360,000 |
$3,135 + |
$3.80 |
Per $100 or part thereof above $150,000 |
$360,001 – $725,000 |
$11,115 + |
$4.75 |
Per $100 or part thereof above $360,000 |
$725,001 and upwards |
$28,453 + |
$5.15 |
Per $100 or part thereof above $725,000 |
Concessional Rate (s147)
$0 – $100,000 |
|
$1.50 |
Per $100 or part thereof |
$100,001 – $200,000 |
$1,500 + |
$4.39 |
Per $100 or part thereof above $100,000 |
First Home Owner Rate – Established Home
$0 – $500,000 |
|
Nil |
|
$500,001 – $600,000 |
|
$22.51 |
Per $100 or part thereof above $500,000 |
First Home Owner Rate – Vacant Land
$0 – $300,000 |
|
Nil |
|
$300,001 – $400,000 |
|
$13.01 |
Per $100 or part thereof above $300,000 |
More information:
Refer to the Western Australia Office of State Revenue Website
http://www.dtf.wa.gov.au
South Australia
Stamp Duty on Transfer of Real Property (Land)
Does not exceed $12,000 |
$1.00 for every $100 or part of $100 |
Exceeds $12,000 but not $30,000 |
$120 plus $2.00 for every $100 or part of $100 over $12,000 |
Exceeds $30,000 but not $50,000 |
$480 plus $3.00 for every $100 or part of $100 over $30,000 |
Exceeds $50,000 but not $100,000 |
$1,080 plus $3.50 for every $100 or part of $100 over $50,000 |
Exceeds $100,000 but not $200,000 |
$2,830 plus $4.00 for every $100 or part of $100 over $100,000 |
| Exceeds $200,000 but not $250,000 |
$6,830 plus $4.25 for every $100 or part of $100 over $200,000 |
Exceeds $250,000 but not $300,000 |
$8,955 plus $4.75 for every $100 or part of $100 over $250,000 |
| Exceeds $300,000 but not $500,000 |
$11,330 plus $5.00 for every $100 or part of $100 over $300,000 |
Exceeds $500,000 |
$21,330 plus $5.50 for every $100 or part of $100 over $500,000 |
Exemptions and concessions apply to:
First Home Purchasers who meet certain criteria
Transfers from an estate of a deceased person to a beneficiary under the will
More information:
Refer to the South Australia Office of State Revenue Website
http://www.revenuesa.sa.gov.au
Northern Territory
Duty is calculated on the purchase price or unencumbered value of the dutiable property, whichever is the greater, as follows:
Where the dutiable value does not exceed $525 000 in accordance with the follow formula:
D = (0.06571441 x V2 ) + 15V
Where
D = the duty payable in $
and
V = the dutiable value
1000
Where the dutiable value exceeds $525 000 – 4.95 per cent of that amount.
Exemptions and concessions apply to:
First Home Owner Concession
Principal Place of Residence Rebate
Senior, Pensioner and Carer Concession
Partition of Land
Substitution of a related pasty as the conveyee
More information:
Refer to the Northern Territory Office of State Revenue Website
http://www.revenue.nt.gov.au
Australian Capital Territory
People who purchase property (houses, land, land and improvements or commercial premises) located in the ACT must pay duty on that purchase. Duty is calculated on the greater of the purchase price or the market value of the property. This rate of duty is often referred to as conveyance rates.
up to $100,000 |
$20 or $2.00 per $100 or part thereof, whichever is greater. |
$100,001 to $200,000 |
$2,000 plus $3.50 per $100 or part thereof by which the value exceeds $100,000. |
$200,001 to $300,000 |
$5,500 plus $4.00 per $100 or part thereof by which the value exceeds $200,000. |
$300,001 to $500,000 |
$9,500 plus $5.50 per $100 or part thereof by which the value exceeds $300,000. |
$500,001 to $1,000,000 |
$20,500 plus $5.75 per $100 or part thereof by which the value exceeds $500,000. |
$1,000,001 and over |
$49,250 plus $6.75 per $100 or part thereof by which the value exceeds $1,000,000. |
Exemptions and concessions apply to:
If you are purchasing a home and/or land you may be eligible for assistance under the:
- First Home Owner Grant
- Home Buyer Concession
Other forms of assistance for eligible purchasers include:
Deferred Duty
Affordable House and Land Packages
Special Disability Trust duty exemption
More information:
Refer to the Australian Capital Territory Department of Treasury Website
http://www.treasury.act.gov.au/
The following rates of duty apply to the transfer of dutiable property:
$0 – $1,300
|
$20
|
$1,301 – $10,000
|
$1.50 for every $100, or part, of the dutiable value
|
$10,001 – $30,000
|
$150 plus $2 for every $100, or part, by which the dutiable value exceeds $10,000
|
$30,001 – $75,000
|
$550 plus $2.50 for every $100, or part, by which the dutiable value exceeds $30,000
|
$75,001 – $150,000
|
$1 675 plus $3 for every $100, or part, by which the dutiable value exceeds $75,000
|
$150,001 – $225,000
|
$3 925 plus $3.50 for every $100, or part, by which the dutiable value exceeds $150,000
|
Over $225,000
|
$6 550 plus $4 for every $100, or part, by which the dutiable value exceeds $225 000
|
This rate applies unless other provision is made by Chapter 2 of the Duties Act 2001
Exemptions and concessions:
Principal place of residence
First home owners
Gifts of property used for charitable, educational or religious purposes
Transfer to a beneficiary by way of will or intestacy (inheritance)
Land tax rebate for two residences owned in transitional circumstances
Transfer as a result of foreclosure order
More information:
Refer to the Tasmanian Department of Treasury Website
http://www.sro.tas.gov.au