NSW stamp duty guide, calculator and exemptions | Finder

NSW Stamp Duty Guide

Here's everything you need to know about stamp duty in New South Wales.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

In NSW, transfer or stamp duty is one of the bigger costs that come with buying a property. Stamp duty can add tens of thousands of dollars to your budget when you're planning to buy a house or apartment, although some concessions and discounts may be available. Read on to learn about concessions and exemptions for first home buyers and estimate your stamp duty costs.

Work out how much stamp duty you'll pay

NSW stamp duty changes

From 1 July 2019, NSW stamp duty price brackets are now indexed against inflation. The figures on this page are up to date but the figures in our stamp duty estimate may not be perfectly accurate.

The NSW government is considering a "once in a generation" change to stamp duty, which will give home buyers the choice to pay either stamp duty upfront (and land tax where applicable), or to opt in to a new, smaller annual property tax instead of stamp duty. Right now they are seeking feedback from the public regarding this proposal – you can have your say here until March 15, 2021.

In the meantime, if you are looking to buy property in NSW, use our NSW stamp duty calculator to estimate how much you may need to pay in stamp duty.

How is stamp duty calculated?

Stamp duty is calculated on the total dutiable value of the property subject to the transaction.

The current rates and thresholds for NSW are outlined below (if you bought your home before 01 July 2020 these rates will be slightly different):

Value of the property subject to the transactionRate of duty
$0 - $14,000$1.25 for every $100 or part of the value
$14,001 - $31,000$175 plus $1.50 for every $100 that the value exceeds $14,000
$31,000 - $83,000$430 plus $1.75 for every $10 that the value exceeds $31,000
$83,000 - $310,000$1,340 plus $3.50 for every $100 that the value exceeds $83,000
$310,000 - $1,033,000$9,285 plus $4.50 for every $100 that the value exceeds $310,000
over $1,033,000$41,820 plus $5.50 for every $100 that the value exceeds $1,033,000
Premium Property Duty: over $3,101,000 (residential property only)$155,560 plus $7.00 for every $100 that the value exceeds $3,101,000.

(Source: NSW State Office of Revenue)

NSW Stamp duty exemptions for first home buyers

In NSW, the First Home Buyers Assistance Scheme offers exemptions for first home buyers purchasing existing property:

  • If your property is valued at less than $650,000 you pay no transfer duty.
  • If your property is valued between $650,000 and $800,000 you can receive a discount.

If you're a first home buyer purchasing a new home or vacant land the exemptions are even more generous:

  • If your property is valued at up to $800,000 you pay no transfer duty.
  • There are concessions for properties valued at up to $1,000,000.

These extra exemptions apply for a 12-month period starting from 01 August 2020.

Who is eligible?

To qualify, you need to:

  • Be over 18 and a permanent resident or citizen
  • Have never owned a property before
  • Have never received a first home owner grant or concession before

Here are some examples of the stamp duty concession:

Purchase PriceFirst Home - New Home Duty
$650,000$0
$680,000$6,267
$700,000$10,445
$720,000$14,623
$750,000$20,890
$770,000$25,068
$800,000$31,335 (no discount)

Source: Revenue NSW

Your stamp duty questions answered

  • Who pays stamp duty? In NSW, the purchaser of the property or the transferee is liable to pay stamp duty. The purchaser or transferee becomes liable when the sale or transfer takes place.
  • When is stamp duty paid? Stamp duty becomes payable within three months from the date when the sale or transfer took place.
  • How do I pay stamp duty? The NSW Office of State Revenue accepts payment in person, via BPAY, Electronic Funds Transfer (ETF), mail or advance payment.
  • Can I apply for a refund if the sale transfer is cancelled? If your sale transfer is rescinded, the transfer is no longer liable for duty. You can apply for a refund on the NSW Revenue website.
  • What other fees are associated with stamp duty? There are others fees that come with stamp duty including a transfer fee and a mortgage registration fee.

More helpful links and guides

Compare finder's cheapest home loans

Here are some of the cheapest home loans in our home loan database.

Data updated regularly
$
years
Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
St.George Fixed Rate Advantage Package
1.84%
3.38%
$0
$395 p.a.
80%
$543.64
Up to $4,000 refinance cashback
Borrowers with 20% deposits or equity can get this competitive fixed rate loan. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
Westpac Flexi First Option Home Loan
2.29%
2.72%
$0
$8 monthly ($96 p.a.)
95%
$577.55
Up to $3,000 refinance cashback.
A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.
UBank UHomeLoan Fixed
1.75%
2.22%
$0
$0 p.a.
80%
$537
This very low fixed rate is only available until 29 April 2021. Other conditions apply. A competitive fixed rate loan with no ongoing fees. Requires a 20% deposit
HSBC Fixed Rate Home Loan Package
1.88%
2.86%
$0
$390 p.a.
80%
$546.6
$3,288 refinance cashback offer
Lock in a low fixed rate for 2 years and buy your home with a 20% deposit. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.
Suncorp Home Package Plus Fixed
1.89%
2.85%
$0
$0 p.a.
80%
$547.35
Lock in a low fixed rate loan for two years and get the annual package fee waived in the first year. Available for borrowers with 20% deposits.
Athena Variable Home  Loan
2.19%
2.19%
$0
$0 p.a.
60%
$569.91
Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.
AMP Bank Professional Package Fixed Loan
1.99%
3.1%
$0
$0 p.a.
80%
$554.81
Get a low fixed rate package with no application or settlement fee. Available with a 20% deposit. Other fees and charges apply.
loans.com.au Smart Booster Discount Variable Home Loan
1.99%
2.47%
$0
$0 p.a.
80%
$554.81
Home buyers can get a very low discounted variable rate for the first year. This loan has a revert rate of 2.48%. Requires a 20% deposit. Add an offset account for an additional 0.10% on your interest rate.
Westpac Fixed Option Home Loan Premier Advantage Package
1.89%
3.46%
$0
$395 p.a.
95%
$547.35
Up to $3,000 refinance cashback.
Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply.
Macquarie Bank Basic Fixed Home Loan
2.09%
2.43%
$0
$0 p.a.
70%
$562.33
Get a low interest rate and a mortgage with flexible, basic features. No application or ongoing fees. Requires a 30% deposit. Refinancers can switch with a convenient digital application.
St.George Basic Home Loan
2.49%
2.51%
$0
$0 p.a.
80%
$593.01
Up to $4,000 refinance cashback
Get this low-rate variable loan with a 20% deposit and pay $0 application fee. Borrow from $150k (or $250k to be eligible for the cashback offer) (terms, conditions & exclusions apply).
UBank UHomeLoan Variable Rate
2.34%
2.34%
$0
$0 p.a.
80%
$581.39
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
HSBC Home Value Loan
2.44%
2.45%
$0
$0 p.a.
80%
$589.12
$3,288 refinance cashback offer
Get a low interest variable rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. If you're refinancing $250,000 or above you can get a $3,288 cashback. Terms and conditions apply.
UBank UHomeLoan Fixed
1.99%
2.33%
$0
$0 p.a.
80%
$554.81
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
Greater Bank Great Rate Fixed Home Loan
1.69%
3.49%
$0
$0 p.a.
110%
$532.6
Requires a family member to act as guarantor.
Get one of the lowest rates on the market with this fixed rate mortgage and borrow more with help from a family guarantor. NSW, QLD and ACT residents only.
Macquarie Bank Basic Home Loan
2.49%
2.49%
$0
$0 p.a.
60%
$593.01
A competitive variable rate home loan for owner-occupiers. Requires a 40% deposit. Refinancers can switch with a convenient digital application.
Suncorp Back to Basics Home Loan
2.44%
2.45%
$0
$0 p.a.
80%
$589.12
A competitive variable interest rate loan with low fees. The establishment fee is waived if you borrow $150,000 or more.
Suncorp Home Package Plus Fixed
2.28%
3.15%
$0
$375 p.a.
80%
$576.78
Lock in a low fixed rate loan for three years and get the annual package fee waived in the first year. Available for borrowers with 10% deposits.
IMB Fixed Rate Home Loan
1.97%
2.81%
$449
$6 monthly ($72 p.a.)
95%
$553.31
NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online. Available with a 10% deposit.
homeloans.com.au Low Rate Home Loan with Offset
2.14%
2.16%
$0
$0 p.a.
60%
$566.11
A competitive rate with no application or ongoing fees. This loan is not available for construction.
Virgin Money Reward Me Fixed Rate Home Loan
1.94%
2.77%
$300
$10 monthly ($120 p.a.)
80%
$551.07
$3,000 refinance cashback.
Buy your home and lock in a low rate for the first two years. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 May 2021 and settle by 27 August 2021.
Bank of Melbourne Basic Home Loan
2.49%
2.51%
$0
$0 p.a.
80%
$593.01
Up to $4,000 refinance cashback
A competitive variable rate loan. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
homeloans.com.au Low Rate Home Loan with Offset
2.24%
2.26%
$0
$0 p.a.
90%
$573.72
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments. This loan is not available for construction.
BankSA Basic Home Loan
2.49%
2.51%
$0
$0 p.a.
80%
$593.01
Up to $4,000 refinance cashback
A competitive variable rate loan from BankSA. Refinancers borrowing $200,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
Bank of Melbourne Advantage Package Fixed Home Loan
1.94%
3.21%
$0
$395 p.a.
80%
$551.07
Up to $4,000 refinance cashback
Lock in a low fixed rate loan for four years. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
CUA Achieve Variable Home Loan
2.35%
2.4%
$600
$0 p.a.
95%
$582.16
Home buyers can get a competitive, low-fee variable rate plus a 100% offset account. Low deposit option available. Eligible new home buyers with low deposits can apply for the First Home Loan Deposit Scheme with this lender and avoid LMI costs. Eligible refinancers can get a $2,000 pre-paid credit card when they switch to CUA.
Westpac Fixed Option Home Loan Premier Advantage Package
1.99%
3.29%
$0
$395 p.a.
95%
$554.81
Up to $3,000 refinance cashback. Lock in a very low rate for four years with this owner occupier loan. Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply.
BankSA Advantage Package Fixed Home Loan
1.89%
3.43%
$0
$395 p.a.
80%
$547.35
Up to $4,000 refinance cashback.
Fix to a low rate for two years and forget about rate rises. Refinancers borrowing $200,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
Bank of Melbourne Advantage Package Fixed Home Loan
1.84%
3.38%
$0
$395 p.a.
80%
$543.64
Up to $4,000 refinance cashback
Get a competitive home loan rate for two years. Requires at least a 20% deposit. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
loans.com.au Fixed
1.99%
2.7%
$0
$0 p.a.
80%
$554.81
Home buyers can lock in this low fixed rate for two years. This loan also allows extra repayments. Requires a 20% deposit.
BankSA Advantage Package Fixed Home Loan
1.99%
3.26%
$0
$395 p.a.
$554.81
Up to $4,000 refinance cashback
A competitive fixed rate loan. Refinancers borrowing $200,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
Heritage Bank Fixed Rate Home Loan
2.19%
4.23%
$600
$8 monthly ($96 p.a.)
95%
$569.91
Get a partial offset account and the option to make interest-only repayments.
St.George Fixed Rate Advantage Package
1.94%
3.21%
$0
$395 p.a.
80%
$551.07
Up to $4,000 refinance cashback
Lock in a very low rate for four years. Requires a 20% deposit. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
Athena Variable Home  Loan
2.24%
2.21%
$0
$0 p.a.
70%
$573.72
A low variable rate for owner occupiers with 30% deposits. No upfront or ongoing fees.
Newcastle Permanent Building Society  Premium Plus Package Fixed Rate
2.28%
3.84%
$0
$395 p.a.
95%
$576.78
$2,000 refinance cashback
Enjoy a competitive rate with no application fee for this package loan. $2,000 cashback for eligible refinancers borrowing $250,000 or more.
Greater Bank Great Rate Discount Variable with Family Pledge Home Loan
2.59%
2.6%
$0
$0 p.a.
110%
$600.83
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, QLD and ACT only.
IMB Budget Home Loan
2.58%
2.64%
$449
$0 p.a.
80%
$600.05
A competitive variable rate for borrowers with 20% deposits saved. Available for NSW and ACT borrowers only.
homeloans.com.au Low Rate Home Loan with Offset
2.69%
2.52%
$0
$0 p.a.
80%
$608.71
A competitive rate with no application or ongoing fee. This loan is not available for construction.
UBank UHomeLoan Fixed
2.14%
2.35%
$0
$0 p.a.
80%
$566.11
A one year fixed rate offer with no ongoing bank fees.
Heritage Bank Discount Variable Home Loan
2.59%
2.64%
$600
$0 p.a.
80%
$600.83
Family guarantee option available. Enjoy flexible repayments and a low minimum loan amount.
UBank UHomeLoan Fixed
2.14%
2.71%
$0
$0 p.a.
80%
$566.11
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
Heritage Bank Advantage Package Fixed
2.39%
3.15%
$0
$350 p.a.
95%
$585.25
Get a partial offset account and flexible repayments with this package loan.
loans.com.au Smart Booster Discount Variable Home Loan
1.99%
2.71%
$0
$0 p.a.
80%
$554.81
If you have an owner occupier loan with loans.com.au you can also get this very low rate variable mortgage for your investment property. Principal and interest repayments. Add an offset account for an additional 0.10% on your interest rate.
Macquarie Bank Offset Home Loan Package
2.49%
2.76%
$0
$0 p.a.
60%
$593.01
A sharp variable rate with low fees for borrowers with 40% deposits or refinancers with equity in their properties. Refinancers can switch with a convenient digital application.
St.George Basic Home Loan
2.54%
2.56%
$0
$0 p.a.
90%
$596.91
$2,000 cashback.
With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get a $2,000 cashback (terms, conditions & exclusions apply)
homeloans.com.au Low Rate Home Loan with Offset
2.59%
2.42%
$0
$0 p.a.
60%
$600.83
Macquarie Bank Basic Fixed Home Loan
2.19%
2.53%
$0
$0 p.a.
80%
$569.91
Borrow up to $750,000 with this basic 3 years fixed rate home loan. Refinancers can switch with a convenient digital application.
Newcastle Permanent Building Society Real Deal Home Loan
2.59%
2.63%
$595
$0 p.a.
80%
$600.83
$2,000 refinance cashback
$2,000 cashback for eligible refinancers borrowing $250,000 or more.
homeloans.com.au Low Rate Home Loan with Offset
2.39%
2.41%
$0
$0 p.a.
80%
$585.25
This investment loan keeps fees low, has a sharp interest rate and comes with a 100% offset account. This loan is not available for construction.
Bankwest Complete Home Loan Package Variable
2.55%
3.01%
$0
$395 p.a.
80%
$597.7
$2,000 refinance cashback.
Eligible customers who apply to move their home loan to Bankwest by 30 June 2021 can get a $2,000 cashback. To qualify you must refinance a minimum loan amount of $250,000 or more with an LVR of 80% or lower. The loan must be funded by 31 August 2021 (other terms, conditions and exlcusions apply).
IMB Budget Home Loan
2.68%
2.74%
$449
$0 p.a.
95%
$607.92
NSW and ACT customers only. You can get an interest rate discount for a limited time with this competitive variable mortgage.
homeloans.com.au Low Rate Home Loan with Offset
2.74%
2.76%
$0
$0 p.a.
90%
$612.67
Access a fee-free offset account and a special interest rate for investors. This loan is not available for construction.
Bank of Melbourne Basic Home Loan
2.54%
2.56%
$0
$0 p.a.
90%
$596.91
$2,000 cashback
A competitive variable rate loan. Refinancers borrowing $250,000 or more can get a $2,000 cashback (Other terms, conditions and exclusions apply).
Newcastle Permanent Building Society  Premium Plus Package Fixed Rate
2.19%
3.72%
$0
$395 p.a.
95%
$569.91
$2,000 refinance cashback
Enjoy a discounted fixed rate and the ability to package the loan with other financial products. $2,000 cashback for eligible refinancers borrowing $250,000 or more.
Tic:Toc Live-in Loan Fixed Rate Home Loan
1.89%
2.15%
$0
$0 p.a.
90%
$547.35
Get a very low interest rate and pay no application, settlement or valuation fees. Apply online for full approval in real time and add a 100% offset account for $10 a month.
UBank UHomeLoan Fixed
2.09%
2.3%
$0
$0 p.a.
80%
$562.33
A competitive 3 year fixed rate with no ongoing bank fees.
Virgin Money Reward Me Variable Home Loan
2.59%
2.76%
$300
$10 monthly ($120 p.a.)
60%
$600.83
$3,000 refinance cashback.
A variable rate loan for owner occupiers with a 40% deposit (or equity) borrowing under $500,000. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 May 2021 and settle by 27 August 2021.
homeloans.com.au Low Rate Home Loan with Offset
2.59%
2.61%
$0
$0 p.a.
90%
$600.83
Save on interest with a free 100% offset account and buy your property with just a 10% deposit. This loan is not available for construction.
UBank UHomeLoan Fixed
2.24%
2.64%
$0
$0 p.a.
80%
$573.72
Pay no ongoing fees on this investment loan fixed for 3 years.
HSBC Home Value Loan
2.54%
2.55%
$0
$0 p.a.
90%
$596.91
A competitive value home loan with no ongoing fee.
IMB Fixed Rate Home Loan
1.89%
2.87%
$449
$6 monthly ($72 p.a.)
95%
$547.35
NSW and ACT customers only. Lock in a low fixed rate for two years. Available with a 5% deposit.
homeloans.com.au Low Rate Home Loan with Offset
2.29%
2.31%
$0
$0 p.a.
60%
$577.55
A competitive rate with no application or ongoing fee. This loan is not available for construction.
UBank UHomeLoan Fixed
2.09%
2.6%
$0
$0 p.a.
80%
$562.33
Pay no ongoing fees on this competitive investment loan and fix your rate for 3 years.
Macquarie Bank Basic Home Loan
2.64%
2.64%
$0
$0 p.a.
80%
$604.76
Pay no application and ongoing fees and take advantage of split and redraw options. Refinancers can switch with a convenient digital application.
Newcastle Permanent Building Society Fixed Rate Home Loan
2.29%
3.94%
$595
$0 p.a.
95%
$577.55
$2,000 refinance cashback
Borrow up to 95% LVR of the value of the property you're buying and pay no ongoing fees. $2,000 cashback for eligible refinancers borrowing $250,000 or more.
IMB Fixed Rate Home Loan
2.49%
3.36%
$449
$6 monthly ($72 p.a.)
90%
$593.01
NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.
loading

Compare up to 4 providers

More guides on Finder

Home Loan Offers

Important Information*

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

30 Responses

    Default Gravatar
    SisterJanuary 26, 2018

    My sister and I inherited the family home in the late 1990’s. She has asked me to buy her Half share of the property. It will be a simple transaction , price has been agreed and she will be taken off the title. The house is in NSW it is not a first home.
    Will I have to pay stamp duty?

      Avatarfinder Customer Care
      JonathanFebruary 21, 2018Staff

      Hi Megan, thanks for your inquiry. According to the official definition for Stamp Duty in NSW, I believe you will have to pay stamp duty.

      “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.”

      Hope this helps.

      Thanks,

      Jonathan

    Default Gravatar
    JamesOctober 17, 2017

    We are buying a unit off the plan and are downsizing which won’t b finished until July 2018 why do we have to pay stamp duty before that time is there any benefits for older people

      Avatarfinder Customer Care
      HaroldOctober 18, 2017Staff

      Hi James,

      Thank you for your inquiry.

      Generally, stamp duty becomes payable within three months from the date in which the liability arose. If the property is purchased off-the-plan, the stamp duty must be paid within three months from the date of the completion of the agreement or the assignment of the purchaser’s interest in the agreement.

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    WayneOctober 13, 2017

    If I am purchasing residential property in NSW (not off the plan) when does Stamp Duty become payable? Is it 3 months after completion or 3 months after contract exchange?

      Default Gravatar
      JonathanOctober 13, 2017

      Hello Wayne,

      Thank you for your inquiry.

      According to NSW’s taxes, duties, levies, and royalties, duty must be paid within three months from the liability arising. This arises when the sale or transfer occurs.

      You can check the above link for further information.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    LorenLorenaOctober 13, 2017

    How long do I need to live in the property to have first time owner free stamp duty under $650.000?

      Avatarfinder Customer Care
      JhezOctober 14, 2017Staff

      Hi Loren,

      Thank you for your comment.

      One of the eligibility criteria to qualify for the First Home Owners Grant is to occupy the property as your principal place of residence within 12 months of the settlement and live in it continuously for at least six months. You may check our state-by-state guide to the First Home Owners Grant. You may also be eligible for a stamp duty exemption or concession if you qualify for the First Home Buyers Assistance Scheme under the FHOG in NSW.

      Hope this helps.

      Regards,
      Jhezelyn

    Default Gravatar
    DAugust 11, 2017

    Our house n land package we have buy of the plan on april2016
    But going to be completed in this September do we have to pay stamp duty

      Default Gravatar
      ArnoldAugust 11, 2017

      Hi D,

      Thanks for your inquiry.

      If you qualify for the First Home Buyers Assistance Scheme under the FHOG, you may be eligible for a stamp duty exemption or concession. The scheme includes an exemption from stamp duty for new homes valued up to $650,000 and concessions on duty for new homes valued between $650,000 and $800,000. The First Home Buyers Assistance Scheme also provides a duty exemption on vacant land valued up to $350,000 and concessions for vacant land valued between $350,000 and $450,000.

      I highly recommend you read more about the FHOG eligibility to ensure you meet their qualifications.

      Hope this information helped.

      Cheers,
      Arnold

    Default Gravatar
    JohnAugust 5, 2017

    Stamp duty on a home is expempt I herd if you move from the city to a regional area is this true

      Default Gravatar
      ArnoldAugust 5, 2017

      Hi John,

      Thanks for your inquiry.

      Policies may vary among different states. Please check out the First Home Owner Grant and stamp duty for more info or visit your State Revenue Office for further clarification.

      Hope this information helped.

      Cheers,
      Arnold

    Default Gravatar
    MairtinJuly 24, 2017

    I have an investment property in NSW in my name, part of which, I want to transfer to principal residence (My Wife and I). The investment property is back to back with our residence.
    Assuming the market value of the land to be transferred is $100,000: Is stamp duty applicable to the total value (100K) or half (50k)

      Default Gravatar
      JonathanAugust 3, 2017

      Hello Mairtin,

      Thank you for your inquiry.

      Duty is calculated on the total dutiable value of the property subject to the transaction. For more information, visit NSW’s Taxes, duties, levies and royalties page. If you are uncertain how to compute it, you can contact a tax accountant or OSR at 1300 139 814. You can also email that at duties@osr.nsw.gov.au for further assistance.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    AnnJuly 1, 2017

    We are on DSP and thinking about selling up and using our collateral to buy a modest house to live in. We are struggling with a current mortgage and hope to be free from a loan. Will we need to pay Stamp Duty on a purchase of property under $160,000.00?

      Default Gravatar
      JonathanJuly 1, 2017

      Hi Ann!

      Are you in NSW state? From 1 July 2017, stamp duty concessions for first home buyers will apply both to new and established housing. First time buyers will be exempt from stamp duty for homes valued up to $650,000.

      You may want to refer to our stamp duty guide to see what taxes would apply in your situation. Also, if you have other questions, you may refer to the local state revenue or property office for such matters.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    yves118May 15, 2017

    Do I need to pay GST for Stamp duty?

      Avatarfinder Customer Care
      DeeMay 16, 2017Staff

      Hi Yves,

      Thanks for your question.

      You are not liable for goods and services tax (GST) when you sell your home. You also cannot claim GST credits on any costs associated with buying or selling it. This means, you cannot claim GST on stamp duty.

      Cheers,
      Annsy

    Default Gravatar
    BradMay 1, 2017

    I live in Victoria ive recently sold and planning to purchase a place in NSW . With stump duty in the state do you have to pay on the purchase as well as the sale of a property there? Thanks

      Avatarfinder Customer Care
      DeeMay 3, 2017Staff

      Hi Brad,

      Thanks for your question.

      Stamp duty is a tax set by each Australian state or territory that is imposed on the purchase of assets including property.

      In NSW, the purchaser of the property or the transferee is liable to pay stamp duty. The purchaser or transferee becomes liable when the sale or transfer takes place.

      Cheers,
      Anndy

Go to site