Stamp duty

Stamp duty

Stamp duty needs to be paid on property transfers in Australia. It is one of the largest costs when buying property in Australia.

Stamp duty is a State and Territory tax and the rates vary depending on which State or Territory that the property you are purchasing is located. Each jurisdiction has its own formula for calculating the amount of Stamp duty that needs to be paid. Depending on the State or Territory and price of your property stamp duty can be less than 2% of the property value to more than 4% of the property value.

The calculators for each State and Territory are as follows:

ACT – The formula and a calculator can be found at the ACT Revenue Office website.

Victoria – The formula and a calculator can be found at the State Revenue Office Victoria website.

NSW – The formula and a calculator can be found at the NSW Office of State Revenue website.

QLD – The formula and a calculator can be found at the Qld Office of State Revenue website.

TAS – The formula and a calculator can be found at the Tasmania Department of Treasury and Finance website.

WA – The formula and a calculator can be found at the WA Department of Finance website.

NT – The formula and a calculator can be found at the NT Department of Treasury and Finance website.

SA – The formula and a calculator can be found at the SA Department of Treasury and Finance website.

First home owners may also be eligible for a first home owners grant.

Lets get started

contact a