|Note! This is not a diagnosis. The calculations that are provided are estimates based on averages.|
Land Stamp duty is a tax levied by the Australian government and is in relation to the transfer of land or property in Australia.
The tax value may vary in relation to the purpose of the security bought. For instance, the charges would differ if you purchase an owner occupied property as a first time home owner or as the one who has previously possessed a property.
Each Australian state has its own distinct metric of charges and all these variables are available within our Stamp Duty Calculator Australia
Ecalculator has developed Australia stamp duty calculator exclusively for Australian states. It is a cost free tool and does not require user registration to the site.
To use this Stamp Duty Calculator you need to input the following:
All these variables are necessary to calculate land transfer stamp duty since it is dependent on these factors.
Side Note: First time home buyers are eligible for the Current Grant.
Government Duty rates vary when buying an Investment Property relative to buying an owner occupied home.
A number of states have different metrics that relate to the buying an Investment property, and therefore prove more costly.
If you’re an investor in Australia, you’d probably be looking at all States and the payable stamp duty would likely be a factor in your decision on where to buy investment property in Australia.
Land would be considered eligible for residence when it is evaluated that it is:
In certain cases, the land zoning will be pertinent where the land is unworked or there are only slight modifications.
Qualifying land means land that is being used other than residence purposes or for primary production as explained in the Stamp Duty Act of 1923. The Commissioner would generally rely on land use codes to determine whether the land is considered to be residential or primary production land.
Where the land is within an established zone with a plan of development under the Development Act 1993 that predicts the use and/or potential use, of the land as non-residential.
Stamp duty on transfers of residential and primary production land will remain unchanged. Vacant land will be considered to be used for primary production or residential purposes in certain circumstances.
Stamp duty is a big deal in Australia. However, there are measures you can adopt to avoid the paying of stamp duty or at least considerably lessen the amount you pay.