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Stamp Duty Calculator

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What is stamp duty in QLD?

Stamp duty in Queensland (QLD), or transfer duty, is a state government tax applied to the sale or transfer of property, as well as other personal and business-related assets like vehicles.

How much is stamp duty in QLD?

Stamp duty in Queensland is charged as a percentage of the property value. A concessional rate applies on the first $350,000 of a residential property and general transfer duty rates apply thereafter.

Stamp duty costs in QLD will vary depending on:

  • The property's value
  • The type of property you purchase (e.g. house, apartment, vacant land)
  • Whether you're buying a home or investment property
  • Your residency status
  • Your income and partner’s income
  • Your eligibility as a first-home buyer
  • Your eligibility for pensioner concessions

General stamp duty rates in Queensland

Property valueStamp duty payable

$0- $5,000

Nil

$5,001 - $75,000

$1.50 for each $100, or part of $100, over $5,000

$75,001 - $540,000

$1,050, plus $3.50 for each $100, or part of $100, over $75,000

$540,001 - $1,000,000

$17,325, plus $4.50 for each $100, or part of $100, over $540,000

$1,000,001+

$38,025, plus $5.75 for each $100, or part of $100, over $1,000,000

$500,000 vs $750,000 property stamp duty example calculation in QLD

Property priceOwner-occupier stamp dutyInvestment stamp duty

$500,000

$15,925

$15,925

$750,000

$26,775

$26,775

Note: This is an example based on current QLD stamp duty rates and not an accurate indication of how much you will need to pay. It excludes any applicable stamp duty exemptions or mortgage registration and transfer fees.

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Generally, first-home buyers and properties under $550,000 pay a reduced stamp duty rate in Queensland.

First-home buyer stamp duty concession rates in QLD

Please note: This table does not include the recent threshold changes announced by the Queensland Government on 9 June 2024.

Property valueFirst-home buyer stamp duty concessions

Under $500,000

100% stamp duty offset

Up to $504,999

$8,750

$505,000 - $509,999

$7,875

$515,000 - $519,999

$6,125

$520,000 - $524,999

$5,250

$525,000 - $529,999

$4,375

$530,000 - $534,999

$3,500

$535,000 - $539,999

$2,625

$540,000 - $544,999

$1,750

$545,000 - $549,999

$875

$550,000+

Nil

Who pays stamp duty in QLD?

It’s always the buyer (person or business) or whoever receives the asset (even as a gift) who pays the stamp duty in QLD (unless an exemption applies). It’s important to note that stamp duty is an additional cost to your deposit and property price.

If you're buying a property in QLD, your conveyancer will generally help you with the stamp duty paperwork and advise you on lodging it with the revenue office on time. Be sure to budget for stamp duty or ask your lender to increase the principal amount of your home loan to account for stamp duty. This will increase your home loan repayments.

When is stamp duty in QLD payable?

In QLD, stamp duty is payable within 30 days of settlement or within 90 days of completion for off-the-plan properties.

How do you pay stamp duty in QLD?

Stamp duty can be paid by direct deposit, cheque, credit card, and other major payment options. In most cases, you'll receive a notice from the Queensland Revenue Office delivered to the address of the purchased property or by email. This letter will often contain:

  • The amount of stamp duty payable
  • Details on the tax and how it was calculated
  • Concessions or exemptions included in the calculation
  • Payment options
  • Payment due date
  • Information regarding late payments and associated penalties or charges
  • Reference details for the notice and payment

What are the stamp duty exemptions in QLD?

There are a few stamp duty exemptions and concessions available in Queensland, including:

  • First-home buyer exemption: Full stamp duty exemption applies for first homes valued under $700,000 (that's a maximum saving of up to $17,350).
  • First-home vacant land exemption: Full stamp duty exemption applies for first-home buyers purchasing vacant land under $350,000 (concessions apply thereafter for land valued up to $500,000).
  • Matrimonial exemption: Stamp duty exemptions apply for property transfers following a divorce or separation.
  • Death of a property owner exemption: Full exemption for transfers of property following a person’s death.
  • Home concession: Applies to the first $550,000 on a property, with a maximum concession of $15,925. Standard transfer duty rates apply to the remaining value.
  • First-home concession: Applies to a first-home purchase valued under $800,000. There’s also a $30,000 first-home buyer grant in QLD that may help further reduce the cost of buying a home.
  • First-home vacant land concession: Applies to vacant land valued under $500,000.

There is no separate transfer duty rate for senior or pensioner concession card holders.

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Assumptions:

  • The calculations do not account for changes in interest rates or other market conditions that may occur.
  • Results are approximations and may differ from actual payment schedules or amounts.
  • The calculator does not include all fees and charges that you may incur in relation to a financial product.

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Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C)
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