What is stamp duty?
Stamp duty in Australia is a state government tax applied to the sale or transfer of many personal and business-related assets, most commonly real estate. When buying or otherwise taking possession of homes or land, it’s referred to as the land transfer duty.
How much is stamp duty?
Each state in Australia applies stamp duty differently, with individual rates, purchase thresholds, and exemptions that eligible buyers will need to understand to calculate payable duty or apply for concessions when purchasing a home.
The stamp duty you will pay may vary, depending on:
- The state or territory the property is located in
- The cost of the purchase
- The type of property you purchase
- Your residency status
- Your income and partner’s income
- Your eligibility as a first-home buyer
- Your eligibility for pensioner concessions
Example of stamp duty on property
|Property Type||Established Home, Primary Residence|
You can use the stamp duty calculator to estimate how much duty may be payable.
Want to see how stamp duty is calculated in your state? Choose from one of the state-specific Stamp Duty Calculators below to learn more about purchase limits, exemptions, and stamp duty formulas:
Generally, first-home buyers and properties under $500,000 in value will attract the lowest amount of stamp duty across all states of Australia.
Who pays stamp duty?
The person or business purchasing the property or receiving the transfer of assets will be liable to pay stamp duty. As this can often be a significant additional cost on the purchase price of property, it’s important to estimate the transfer tax on properties so you can clearly understand your financial obligations.
How do you pay stamp duty?
Stamp duty can be paid by direct deposit, cheque, credit card, and other major payment options. In most cases, you will receive a notice from your state government office, delivered to the address of the purchased property or by e-mail. 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
Each state will have its own payment terms and instructions, however payment due dates can be anywhere between the day of settlement and up to three months following the purchase of property.
Popular Stamp Duty Calculations
Below you’ll find the most popular calculations using the stamp duty calculator. In each of these examples, the estimated stamp duty is based on owner-occupied and investment purchases, and does not account for any concessions, exemptions, or individual circumstances which may affect the true stamp duty amount.
$500,000 property stamp duty example calculation
|State||Owner-Occupied Stamp Duty||Investment Stamp Duty|
$750,000 property stamp duty example calculation
|State ||Owner-Occupied Stamp Duty||Investment Stamp Duty|
Other Money.com.au Calculators
Calculated your Stamp Duty and want to work out other finance calculations? You can visit our dedicated page to view the full list of financial calculators, which you can use to estimate your tax refund, car loan repayments, calculate capital gains tax (CGT), and much more.
Stamp Duty Calculator FAQ
How do I calculate stamp duty?
Stamp duty is calculated relative to the purchase price of property. Each state in Australia calculates stamp duty differently, and you will need to understand the rate brackets and any concessions or exemptions applicable to your state to make an estimation.
Can I lower the stamp duty amount?
You can reduce the amount of stamp duty you are liable for by applying for exemptions or concessions from your state revenue office. Most states in Australia offer some form of first-home buyer assistance, with each state requiring different, unique eligibility criteria.
How can I get stamp duty exemption?
You can get a stamp duty exemption if you meet certain conditions set out by your state government, such as purchasing your first home or purchasing property as a pensioner. In most cases, you will need to contact your state revenue office and complete an application for an exemption.
Can I lower the stamp duty amount?
You are required to pay stamp duty when you purchase certain assets, including property. Depending on which Australian state the purchase is made, you may have up to three months to make payment to your state revenue office. Each state will inform buyers of their stamp duty and payment due dates, either by post or through email.