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Stamp Duty Concessions
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Stamp Duty
Stamp Duty is a
charge on certain documents and transactions. It is charged at
either a flat rate or an ad valorem rate (based on the value of
the transaction) depending on the transaction
Transfer of Land or Business
A sale or
transfer of land (including improvements) or a business is
liable for duty. Duty is payable within 3 months of the date
liability arises. The purchaser or transferee is liable to pay
the duty.
Mortgages
A mortgage is a
security over property. The person liable to pay mortgage duty
is the mortgagor (usually the borrower). A mortgage becomes
liable to duty or additional duty at the liability date. This
includes:
NOTE
Stamp Duty Concessions eligibility criteria vary greatly between
different
States & Territories of Australia. The criteria is more
restrictive
than those applicable to a FHOG applicant. Please visit
the revenue office in your area by following the links provided
in the
5
8
State & Territory Contacts
section. |
