Transfer duty or stamp duty is charged on dutiable transactions over land in Western Australia. This includes any agreement for the sale or gift of a house or land. The purchaser or acquirer of the property is liable to pay the stamp duty on the transaction. You have 2 months after the date that liability for duty on the dutiable transaction arises to lodge the transaction with the WA Office of State Revenue
All dutiable transactions of property or land (including gifts) attract stamp duty in Queensland. Unless an exemptions or concession applies, the transaction is charged with duty based on the greater of the market value of the property, or the consideration (price paid) - including any GST. Dutiable property is property that is involved in a dutiable transaction in Queensland. When dutiable property is bought or sold you are likely to pay duty under the Duties Act 2001. It can be any of the following:
All transfers of land (including gifts) attract stamp duty in Victoria. Unless an exemptions or concession applies, the transaction is charged with duty based on the greater of the market value of the property, or the consideration (price paid) - including any GST. For dutiable transactions occurring on or after 1 April 2012, the time period for paying stamp duty is reduced to 30 days in Victoria.
You are liable to NSW stamp duty if you are involved in a sale or transfer of land (including improvements) or a business in NSW. A liability for stamp duty arises when the sale or transfer occurs and it is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means. However, if the sale or transfer is effected by a written instrument, liability for stamp duty arises when the instrument is first executed.
This Australian Stamp Duty Calculator provides you with an indication of Government Costs when purchasing a property in Australia for Owner Occupied, Investment or as a First Home Owner.
How the Stamp Duty Calculator works?
Owner Occupied and Investment Purchases
Stamp duty is a charge which is applied by state governments in Australia and is in relation to the transfer of land.
The State Government Charges may vary depending on the purpose of the security purchased. For example if you purchase an owner occupied property as a First home Owner, the charges will differ to an individual who has owned a property before.
Each state in Australia has its own unique scale of charges and we have all of these available within our stamp duty calculator so feel free to use the calculator to find out what associated costs would be for your proposed purchase.
Stamp Duty for Investment Property
Government Duty Charges differ when purchasing an Investment Property compared to the Purchase of an Owner Occupied Home.
Some States have different scales that apply to the purchase of an Investment property, and generally may be more costly.
As an Australian Investor, particularly where you are looking at all States, the Duty payable may be a factor on where you purchase your Investment Property, and may influence your final decision.
Although there are tax deductions applicable to Duties paid over a period of time, paying less Stamp Duty may be of importance to you. Advice from your Tax Accountant must be sort.
To use this Stamp Duty Calculator you need to input the following:
- Purchase Price
- Loan Amount
- What is the Purpose?
- What type of Purchase?
- Interest Rate
- Loan Term
- Regular Payment Option
Note: - First home Owners are Entitled to the Current Grant.
Disclaimer: - The Stamp Duty Calculator provides you with an indication of costs; your Solicitor or Conveyancor will be able to provide you with final costing on your new purchase. We recommend that you do obtain the appropriate Legal Advice. Read full disclaimer.