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What is NSW stamp duty?

Stamp duty in NSW 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 New South Wales land transfer duty.

How much is stamp duty in NSW?

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:

  • 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

You can use the NSW stamp duty calculator to estimate how much duty may be payable.

Money Tip:
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 in NSW?

The person or business purchasing the property or receiving the transfer of assets will be liable to pay stamp duty in NSW. 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 NSW 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

Payment due dates can be anywhere between the day of settlement and up to three months following the purchase of property.

Stamp Duty NSW 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.

New South Wales (NSW) Stamp Duty

Purchase price of propertyStamp duty payable
Up to $14,000 1.25% of the property’s value
$14,001 - $30,000 $350 plus 2.4% per dollar over $14,000
$30,001 - $80,000 $415 plus 1.75% per dollar over $30,000
$80,001 - $300,000$1,290 plus 3.5% per dollar over $80,000
$300,001 - $1,000,000 $8,990 plus 4.5% per dollar over $300,000
$1,000,001 - $3,000,000 $40,490 plus 5.5% per dollar over $1,000,000
More than $3,000,000 $150,490 plus 7% per dollar over $3,000,000

Payment Due Date

NSW stamp duty needs to be paid within 3 months from settlement day.

In the case of off-plan purchases, as long as you plan to reside in the property, there’s a chance You may be eligible to postpone the tax payment for up to 12 months if you are:

  • Making an off-plan purchase
  • Planning to live on the property

Exemptions

The First-Home Buyers Assistance Scheme within NSW allows for an exemption on stamp duty if the property is valued below $650,000, and is being purchased as your first home.

First-home buyers may also receive concessions for:

  • New homes valued between $650,000 and $800,000
  • Vacant land valued between $350,000 and $450,000

You can visit the Revenue NSW site to learn more about thresholds, exemptions, and how to contact your state office.

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.

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