Stamp Duties In Australia

In Australia stamp duty is a tax administered at state and territory level.

Stamp Duty Offices

Jurisdiction Information link
New South Wales Revenue NSW
Victoria State Revenue Office
Queensland Qld Office of State Revenue
Western Australia WA Department of Finance
South Australia Revenue SA – Legislation Guides
Tasmania State Revenue Office of Tasmania
Australian Capital Territory ACT Revenue Office
Northern Territory NT Department of Treasury and Finance

Stamp duty resources

Stamp Duty Articles

March 25, 2020 Discretionary trusts, stamp duty and land tax surcharges – excluding foreign beneficiaries (NSW, Vic, Qld)

From 1 March 2020, all discretionary trusts that do not explicitly exclude foreign beneficiaries and intend to purchase property in Victoria may be liable to FPAD, which is currently at 8% of the dutiable value of a property. (Vic) See article and SRO

October 22, 2019 NSW Revenue amendments – Stamp Duties and Land Tax – including measures to increase the liability of deemed ‘foreign’ trustees of discretionary trusts. Trust deeds will need to include specific provisions to avoid caught under the new rules. See article here. (NSW)

October 23, 2019 Stimulus measure – WA announces 75% transfer duty rebate of up t0 $50,000 on new residential unit or apartment in a multi-tiered development to apply from 23 October 2019 (in addition to first home buyer’s rebate)

July 2019 How does section 63 of the Duties Act 1997 (NSW) affect distribution of assets from an estate? (NSW)

July 11, 2019 Amendments to the Duties Act – what are the key changes (Vic)

June 2019 A guide to stamp duty – and how it’s changing (all states)

June 2019 Major changes to Victorian stamp duty rules are now in force

March 5, 2019 Transfer Duty Changes On The Horizon (WA)

January, 2019 High Court: Valuing company assets. A recent High Court decision outlines how to determine the value of stamp duty when assessing the value of company assets.

Dec 17, 2018 Duty considerations muddy the waters (Qld commercial property disagreement over dutiable value)

Dec 3, 2018 When is stamp duty NOT imposed on a transaction for Queensland business assets or chattels in Queensland?

Nov 23, 2018 The Family Farm – When is the transfer of a farm to a relative duty free? (Vic)

Nov 7, 2018  NSW government gives stamp of approval to bracket reform to stamp duty regime

 

 

 

This page was last modified 2020-04-16