Stamp Duty - General Rate - from 1 July 2019
Stamp Duty - Home buyer concessions from 1 July 2019
From 1 July 2019, all of eligible home buyers in the ACT will pay no duty. All properties in the ACT are eligible for this scheme. Unlike the previous concession scheme before 1 July 2019, it now applies to vacant residential land and both new and established homes, anywhere in the ACT and at any price. Although the concession is not restricted to first home buyer but the all buyers including their partners (if any) must not have owned any other property in the last two years
Income threshold amountTo be eligible for a duty concession, the income test must be satisfied. The combined total income of all applicants and their domestic partner/s over the 1 year period prior to the date of the grant, transfer or agreement for transfer (whichever is first) must be less than or equal to the relevant income threshold as follows:
Stamp Duty - Pensioner duty concession from 1 July 2020
Eligible property (residential home)
Eligible vacant block (land)
First Home Owner Grant: After 1 July 2019, the First Home Owner Grant (FHOG) no longer exists, the FHOG was replaced by the new Home Buyer Concession Scheme, which provides a full duty concession for eligible buyers
Mortgage Registration Fee 2020 -2021: $153.00
Land Transfer Fee: $409.00
Stamp Duty - General Rate 1 July 2020
Stamp Duty - Foreign Purchaser: The current foreign purchaser duty rate is 8 per cent.
Stamp Duty - First Home Buyers Assistance After1 August 2020 :
If buy a new home, first home buyers will not have to pay duty for properties up to $800,000. The duty will be reduced for amounts between $800,000 and $1,000,000.
If buy an established home, first home buyers will not have to pay duty for properties up to $650,000. The duty will be reduced for amounts between $650,000 and $800,000.
if buy a vacant block of residential land, first home buyers will pay no duty on vacant land valued up to $400,000, and will receive concessions on duty for vacant land valued between $400,000 and $500,000.
To calculate the First Home Buyers Assistance concession on a new home between $800,000 and $1,000,000, multiply the purchase price by 0.201675 and subtract $161,340.
To calculate the First Home Buyers Assistance concession on an established home between $650,000 and $800,000, multiply the purchase price by 20.89% and subtract $135,785.
To calculate concession on land between $400,000 and $500,000, multiply the purchase price by 0.17835 and subtract $71,340
First Home Owner Grant (New Homes)
a) First home owners can access a $10,000 grant for:
b) The purchase price of the new home must be no more than $600,000.
c) If buying land to build a new home, the total price – including the land and home – must be no more than $750,000.
Mortgage Registration Fee from 1 July 2019: $146.40
Land Transfer Fee: $146.40.
Stamp Duty - General Rate
Duty is calculated on the purchase price or
unencumbered value of the dutiable property, whichever is the greater, as
follows: - Where the dutiable value does not exceed $525,000 in accordance with the follow formula:
D = (0.06571441 x V2 ) + 15V
D = the duty payable in $
V = the dutiable value
From 1 July 2017, where the dutiable value exceeds $525,000, but is less than $3 million - 4.95 per cent of that amount.
From 1 July 2017, where the dutiable value is $3 million or more - 5.75 per cent of that amount.
From 1 July 2017, where the dutiable value is $5 million or more - 5.95 per cent of that amount.
Territory Home Owner Discount (THOD)If eligible home buyers buy an established home, a new home or land to build a new home, up to a value of $650,000, the buyers may be able to get a reduction of up to a maximum of $18,601 off the stamp duty. The home must be the principle place of residence. This policy only applies if home buyers have not held a relevant interest in a home in the Northern Territory in the past 24 months, however this period does not apply if home buyers no longer hold an interest in property as a result of a breakdown of a marriage or de facto relationship. Due to this policy, this calculator does not apply THOD for non First Home Buyers, therefore if buyers qualify for THOD, please input as First Home Buyers to confirm the relevant Stamp Duty, or refer to the NT Government website.
Stamp Duty - Senior, Pensioner and Carer ConcessionThe SPCC is an amount up to $10,000 off the stamp duty payable. The cap is $750,000 and $385,000 form home and land respectively
First Home Owner Grant: From 7 May 2019, the FHOG reduced to $10,000 from $26,000.
BuildBonus Grant: : For contracts signed between 1 January and 31 March 2021 BuildBonus grant will be $12,000
Mortgage Registration Fee: $149.00 from 1 July 2019
Land Transfer Fee: $149.00
Stamp Duty - General Rate
Stamp Duty - Home Concession Rates
Stamp Duty - First Home Concession Rate
Stamp Duty - First Home Vacant Land Concession rate
Mortgage Registration Fee after 1 August 2020: $195.00
Land Transfer Fee: $195.00 + additional fee for lodging a transfer if the consideration is more than $180,000 - $37.00 for each $10,000 or part of $10,000 more than $180,000
First Home Owner Grant: For new home, the grant is $15,000. The cap is $750,000
Stamp Duty - Foreign Purchaser: Current surcharge is 7%.
Stamp Duty - All Rate
Stamp Duty - Foreign Purchaser: From 1 January 2018, the foreign purchasers are required to pay a foreign ownership surcharge of 7% of the value of the interest in residential land.
Mortgage Registration Fee: $173.00
Land Transfer Fee: from 1 July 2020:
First Home Owner Grant: FHOG is $15,000 for first home owners who build or purchase a brand new home.
If you purchase the vacant land, the stamp duty is levied on both land value and building cost rather than land element only
Stamp Duty - Foreign Purchaser: After 1 April 2020, a 8% surcharge rate applies:
Stamp Duty - First Home Owner Concessional Rate: From 7 February 2018 TAS provides a 50 per cent concession on property transfer duty for first home buyers of established homes with a property value of $400 000 or lower.
First Home Owner Grant: After 1 January 2016, eligible First Home Owners are entitled to a one-off $20,000 for new constructed home.
Mortgage Registration Fee after 1 July 2019: $138.51
Land Transfer Fee: $212.22
Stamp Duty - Non Principal place of Residence RateFor the purchase of any other property (i.e. not Principal place of residence) for contracts entered into on or after 6 May 2008.
Stamp Duty - Foreign Purchaser: After 1 July 2019 the foreigner buyer duty surcharge increases to 8% from 7%.
Stamp Duty - Principal Place of Residence (PPR) RateFor the purchase of a home (which will be used as Principal place of residence) for contracts entered into on or after 6 May 2008.
Stamp Duty - First Home Buyer Concession after 1 July 2017
VIC abolishes stamp duty for both new and existing properties under $600,000. First home buyers purchasing a property between $600,000 and $750,000 also receive a tapered discount.
If a first home buyer purchases vacant land to build a new home to be their principal place of residence, the home must be built within 12 months for the FHB concessions to apply (choose "Yes" for the Option "Are you first home buyer"). If the buyer takes more than 12 months to build the home, they are not eligible for the First Home Buyer Concession (choose "No" for the Option "Are you first home buyer").
Stamp Duty Waiver - from 25 Nov 2020 to 1 July 2021The Vic Government has announced duty waiver for purchases residential property with a dutiable value of up to $1 million: (1) new residential properties 50% (2) existing residential properties 25% (3) land transfer 25%.
The waiver applies after all other eligible benefits, such as the first home buyer duty concession, the principal place of residence concession and the pensioner concession, have been taken into account. However, the waiver does not apply to foreign purchaser additional duty.
Eligible pensioners are entitled to the exemption or concession.
The calculation & formula used in the calculator for the Pensioner and first
home owner exemptions and concession can be found in the Victoria Duties Act
2000, amendments as at 1 July 2011.
Mortgage Registration Fee 2020 - 2021: (a) Paper Transaction: $119.70 (b) Electronic Transaction: $110.80
Land Transfer Fee: (a) Paper Transaction Fee: the sum of $98.50 plus $2.34 for every whole consideration, the maximum fee is $3,609.00(b) Electronic Transaction Fee: the sum of $89.50 plus $2.34 for every whole consideration, the maximum fee is $3,600.00
First Home Owner Grant: The First Home Owner Grant (FHOG) has increased from $10,000 to $20,000 for new homes built in regional Victoria (see below) and valued up to $750,000.
Property Location for First Home Owner Grant
Stamp Duty - General RateThe general rate of duty applies to most dutiable transactions not relating to residential land, and is assessed on the dutiable value of the transaction. The dutiable value is generally the greater of the consideration paid for the dutiable transaction, or the unencumbered value of the dutiable property that is the subject of the transaction.
Stamp Duty - Residential RateResidential property includes primary residences, rental properties and vacant land where building commences within 5 years.
Note: If the dutiable value of a residential property is between $116,001 and $200,000, the Residential Rate of Duty will result in a lower assessment of transfer duty.
In the calculator, if dutiable value is less than $116,001 and the purchaser isn't a first home owner, the calculation will use this rate, otherwise use Residential Rate.
Stamp Duty - First Home Owner Rate – Established Home as at 3 July 2014
Stamp Duty - First Home Owner Rate – Vacant Land
Stamp Duty - Vacant Land According to WA Department of Finance: Where vacant land is bought, duty will initially be charged at the general rate. Once a house is built on the land that is eligible for the First Home Owner Grant, a refund will be available, on application, once the grant is issued.
Stamp Duty - Foreign Purchaser: From 1 January 2019, foreign buyers duty imposes additional 7% duty on the dutiable value
Mortgage Registration Fee from 1 July 2020: $178.20
Land Transfer Fee from 1 July 2020:
First Home Owner Grant: Currently First Home Buyer Grant is $10,000. The cap limits the total value of properties (i.e. total value of home and land) to $750,000.00 or less, or if the home is located north of the 26th parallel to $1,000,000 or less.