What is QLD stamp duty?
Stamp duty in QLD 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 Queensland land transfer duty.
How much is stamp duty in QLD?
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
You can use the QLD stamp duty calculator to estimate how much duty may be payable.
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 QLD?
The person or business purchasing the property or receiving the transfer of assets will be liable to pay stamp duty in QLD. 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 QLD 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 Calculator QLD
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.
Queensland (QLD) Stamp Duty
| Purchase price of property | Stamp Duty payable |
|---|---|
| Up to $5,000 | Zero |
| $5,001 - $75,000 | 1.5% per dollar over $50,000 |
| $75,001 - $540,000 | $1,050 plus 3.5% per dollar over $75,000 |
| $540,001 - $1,000,000 | $17,325 plus 4.5% per dollar over $540,000 |
| More than $1,000,000 | $38,025 plus 5.75% per dollar over $1,000,000 |
Payment Due Date
QLD stamp duty needs to be paid within 30 days from settlement day.
Exemptions
There are exemptions and concessions available in Queensland for first-home buyers:
- Home Concession - Applies to the first $350,000 on property, with a maximum concession of $7,175. Standard transfer duty rates are applied to the remaining value
- First Home Concession - Only applies to a first-home purchase valued under $550,000, with a maximum concession of $15,925
- First Home Vacant Land Concession - Only applies to vacant land valued under $400,000, with a maximum concession of $7,175
- First Home Owner Grant - Only applies to property valued under $750,000. A grant of $15,000 can be used for buying or building a new house, unit or townhouse.
The First Home Owner Grant is paid per property, not per applicant. If you are making a joint application, you cannot both apply for the grant.
You can visit the Queensland Government 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.