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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.
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:
|Property value||Stamp duty payable|
$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
$38,025, plus $5.75 for each $100, or part of $100, over $1,000,000
|Property price||Owner-occupier stamp duty||Investment stamp duty|
|Property value||First-home buyer stamp duty concessions|
100% stamp duty offset
Up to $504,999
$505,000 - $509,999
$515,000 - $519,999
$520,000 - $524,999
$525,000 - $529,999
$530,000 - $534,999
$535,000 - $539,999
$540,000 - $544,999
$545,000 - $549,999
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.
In QLD, stamp duty is payable within 30 days of settlement or within 90 days of completion for off-the-plan properties.
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:
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 $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 $350,000 on a property, with a maximum concession of $7,175. Standard transfer duty rates apply to the remaining value.
First home concession: Applies to a first-home purchase valued under $550,000, with a maximum concession of $15,925. 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 $400,000, with a maximum concession of $7,175.
There is no separate transfer duty rate for senior or pensioner concession card holders.