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Stamp duty in ACT 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 Australian Capital Territory land transfer duty.
Each state in Australia applies stamp duty differently, with individual rates, purchase thresholds, and exemptions that eligible buyers will need to understand how to calculate payable duty or apply for concessions when purchasing a home.
The stamp duty you will pay may vary, depending on:
You can use the ACT stamp duty calculator to estimate how much duty may be payable.
The person or business purchasing the property or receiving the transfer of assets will be liable to pay stamp duty in ACT. 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.
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:
Payment due dates can be anywhere between the day of settlement and up to three months following the purchase of property.
|Purchase price of property||Stamp duty payable|
|Up to $200,000||1.2% per dollar up to $200,000|
|$200,001 - $300,000||$2,400 plus 2.2% per dollar over $200,000|
|$300,001 - $500,000||$4,600 plus 3.4% per dollar over $300,000|
|$500,001 - $750,000||$11,400 plus 4.32% per dollar over $500,000|
|$750,001 - $1,000,000||$22,200 plus 5.9% per dollar over $750,000|
|$1,000,001 - $1,455,000||$36,950 plus 6.4% per dollar over $1,000,000|
|More than $1,455,000||4.54% of the property value|
ACT stamp duty is generally paid within 30 days from settlement.
The ACT offers the Home Buyer Concession Scheme as a possible exemption to stamp duty when buying new properties, established properties, or land. Eligibility is dependent on a number of conditions, including:
The ACT also provides concessions for pensioners and individuals living with a long-term and permanent disability
You can visit the ACT Revenue site to learn more about thresholds, exemptions, and how to contact your state office.
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.