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Stamp Duty in Western Australia (WA)

Stamp duty, or transfer duty, is a one-time state tax imposed on buyers when they buy a property. The rules around the duty vary across Australia as it is in the hands of state governments. However, no matter what state you live in – you will pay more stamp duty as the property price increases. In addition to the state you live in and the properties' worth, how much you pay will depend on whether you are eligible for concessions or exemptions. If you are a potential home buyer in WA you have to pay stamp duty so it's another cost to factor in. However much you spend, the stamp duty or transfer duty is one of the biggest upfront costs associated with buying a property.

Stamp Duty Rates In WA 

Stamp duty is calculated by applying the relevant rate to a property's dutiable value. Dutiable value is whichever is higher between what you pay for a property and its value. So, if the property is a gift, you have to pay stamp duty based on market value even though you didn't purchase the property. 

There are four different rates that apply in WA.

  • General: The general rate is applied to commercial property, vacant land and rural property that is not residential.

  • Residential: The residential rate is for residence rentals, mix-used property and residential property. It is also applicable to vacant land that has a home constructed within five years of stamp duty liability. 
  • Concessional: Concessional rates apply to primary residences valued at $200,000 or less.

Residential Rates

Property Price

Stamp Duty Rate

$0 - $120,000

$1.90 per every $100 or part thereof

$120,001 to $150,000

$2,280, plus $2.85 per every $100

$150,001 to $360,000

$3,135, plus $3.90 per every $100

$360,001 to $725,000

$11,115, plus $4.75 per every $100

More than $725,001

$28,453 plus $5.15 per every $100

Foreign buyers must pay an additional 7% on top of the standard stamp duty rate. Use the stamp duty calculator WA to find out what you owe.

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Car Stamp Duty In WA 

The WA car stamp duty calculator works using the vehicle's dutiable value. If you are buying a used car, then it is a reasonable market value. If you are buying a new vehicle, it's the manufacturer's list price. The WA car stamp duty calculator operates differently from most.

Dutiable Value

Stamp Duty

Up to $25,000

$2.75 per every $100

$25,001 to $50,000

R% of the vehicle's dutiable value. R = [2.75 + (dutiable value – 25,000)/6,666.66 and rounded two decimal places]

Over the value of $50,000

$6.50 per every $100

Luckily, you can use the stamp duty car calculator WA to make your calculations simple.

Stamp Duty, First-Time Buyers, And Exemptions 

Wherever you are buying, you are liable for stamp duty. But first-time buyers are eligible for a concessional rate or exemption, depending on the property's value. First-time buyers pay no stamp duty on established homes or properties in Western Australia valued at up to $430,000. Or on a vacant block of land up to the value of $300,000. Those who qualify for the First Home Owner Grant are also eligible for the exemption. There are exemptions for spousal transfers, family farm transactions and cancelled purchases.

When To Pay Stamp Duty 

Once you purchase property, you have two months to lodge the relevant documents. You have an additional month from the issue date of the duties assessment notice to pay the entirety of the stamp duty owed. Stamp duty can be complex, but not everything in life has to be. With QuickBooks Tax Software you can streamline your books, manage cash flow, track expenses, track GST and lodge BAS.

While every care has been taken to ensure the accuracy of the information presented as at 01 May 2023, Intuit is not providing you with professional advice and we recommend you obtain your own professional advice. Intuit is not liable for your use of the information presented.

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