Transfer duty (formerly known as stamp duty) is a State Government tax calculated on the value of the property. You can calculate transfer duty using our settlement calculator.
The buyer is liable to pay transfer duty on the contract and transfer. You may be eligible for a reduced rate of transfer duty if you are a first home buyer or you are buying a residence for owner occupation.
You must lodge your contract at the Office of State Revenue for assessment within 2 months of the contract date. If you fail to do so you may be liable to pay a fine or late lodgement penalties.