TAXATION AND STAMP DUTY

STAMP DUTY

PURCHASE

This charge is payable by the purchaser on the total consideration of the purchase price of the real estate as follows:-Owner Occupied Residential Property

Under $850,000

NIL
$850,001 – $1,250,000

3% on the difference
$1,250,001 – $1,750,000

5% on the difference
$1,750,000 and Over

7.5% on the difference

Residential Transfers (Land Only)

Under $450,000

NIL
$450,001 – $650,000

2% on the difference
$650,001 – $850,000

5% on the difference
$850,000 and Over

7% on the difference

Land Estates, Commercial, Investment Property

Under $850,000

NIL
$850,001 – $1,250,000

3% on the difference
$1,250,001 – $1,750,000

5% on the difference
$1,750,000 and Over

7.5% on the difference