Posted in transfer duty
What is stamp duty?
Posted by Mark Attard
on 17 February 2025
)
Stamp duty is a significant tax imposed by state and territory governments on property transactions. Understanding this tax is crucial for making informed financial decisions.Stamp duty, also known as conveyancing or transfer duty, is a tax based on the property's value. Rates vary by state, property type, value, buyer status, and intended use.Stamp duty rates across AustraliaEach state has unique rates and exemptions. For example, New South Wales offers exemptions for first-time buyers, while...
Posted in:Taxstamp dutyconveyancing dutytransfer duty |