Stamp Duty Calculator

It’s important to understand all fees you have to pay when you buy a property. The biggest expense is a Land Transfer Duty, commonly known as Stamp Duty. Stamp duty is a mandatory tax that the state and territory governments levy on a home buyer, whenever they purchase a property. Each State and Territory in Australia has different Stamp duty. Victoria has the highest rate of Land Transfer Duty.

 

  1. The amount of duty you pay depends on the value of your property, state where property located and whether you are eligible for any exemptions or concessions or if you are a foreign purchaser.
  2. There are exemptions and concessions: You may be eligible for exemptions and concessions from land transfer duty on your property, especially if you are buying a home. Visit State Revenue Office website and read about the different land transfer duty exemptions and concessions
  3. Buying your first home: In addition to a Stamp duty exemption or concession, you may be eligible for a First Home Owner Grant. Eligibility criteria set by State Government. If you are eligible to First Home Owner Grant, it will be paid to you at or after or before settlement, depending on the state. If you are applying for FHOG through the lender, then lender receives the Grant and will offset it against all fees at settlement.

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