Question 1

What is stamp duty?

Accepted Answer

Stamp duty (also called transfer duty) is a state government tax paid when you purchase property. The amount varies by state, property value, and your circumstances (e.g., first home buyer, foreign purchaser).

Question 2

Do first home buyers pay stamp duty?

Accepted Answer

Many states offer stamp duty concessions or exemptions for first home buyers. For example, NSW offers full exemption for properties up to $650,000, Victoria up to $600,000, and QLD up to $500,000. Partial concessions may apply up to higher thresholds.

Question 3

When is stamp duty paid?

Accepted Answer

Stamp duty is typically due within 30 days of settlement, though this varies by state. In some states, it must be paid within 3 months of exchanging contracts. Your conveyancer or solicitor usually handles the payment.

Question 4

Is stamp duty tax deductible?

Accepted Answer

Stamp duty on your primary residence is not tax deductible. However, stamp duty on investment properties can be included as part of the cost base when calculating capital gains tax. It is not an annual deduction but reduces your capital gain when you sell.

Stamp Duty Calculator

Property Details

Government Fees

Frequently Asked Questions

Explore Related Calculators