Stamp duty is essentially a transfer duty. You are required to pay it when you purchase property or vehicles.

Start your business
Start your business
Run your business
Run your business
Grow your business
Grow your business
Accountants and Bookkeepers
Accountants and Bookkeepers
- Accountants and Bookkeepers
  Learn how accountants and bookkeepers can be productive in these articles & guides
- Learning and Development
  A range of informative content to enhance your QuickBooks experience.
Updates
Updates
- Product Updates
  Watch this space for monthly product updates.
- Intuit News
  Latest news, articles & guides

Need help choosing a plan?

1800 917 771 Schedule a call

Schedule call

Stamp Duty: What is it and How to Calculate it

Q: How much is stamp duty in NSW?

Each state employs their own stamp duty calculation. To learn more about the stamp duty rates in your state, see our full article.

Q: How much is stamp duty in Victoria?

Victoria uses a sliding scale based on a property's dutiable value, you can learn the full details of Victoria's stamp duty rates in our full article.

Q: How much is stamp duty in QLD?

QLD's stamp duty calculation is based on the property's market value. Foreign purchasers have to pay an additional 7% on top of this. You can learn the full details in our full article.

May 14, 2023

You might be familiar with the term stamp duty tax, but what exactly is stamp duty and does it apply to you?

What Is Stamp Duty?

Stamp duty is a tax set by and paid to the relevant state revenue office. It is a tax you are required to pay for a transfer of land or the purchase of a vehicle.

How Much Is Stamp Duty?

Stamp duty depends on three factors:

The state you live in
The dutiable value of the property you plan to purchase
Whether you are entitled to exemptions or concessions

Stamp Duty Considerations in Australian States

Stamp Duty In New South Wales (NSW)

Many variables impact how much stamp duty you pay in NSW. You have three months from the contract date to pay stamp duty.

Learn more about Stamp Duty in NSW.

Stamp Duty In the Australian Capital Territory (ACT)

You may be entitled to concessions to reduce the amount of stamp duty you owe. Regardless of what you owe, you have 14 days from receipt of the notice of assessment to pay.

Stamp Duty In Queensland (QLD)

There are many concessions available to first-home buyers in QLD, but if you do owe stamp duty it must be paid within 30 days of settlement.

Learn more about Stamp Duty in QLD.

Stamp Duty In Tasmania (TAS)

Tasmania provides you with three months from the transfer date to pay any stamp duty you owe, but there are concessions available for first-home buyers.

Learn more about Stamp Duty in TAS.

Stamp Duty In Victoria (VIC)

You have just 30 days to pay stamp duty in Victoria after settlement, and there is a range of variables that factor into how much you owe.

Learn more about Stamp Duty in VIC.

Stamp Duty In South Australia (SA)

Not only is stamp duty due at settlement in SA, but they also have limited concessions available.

Learn more about Stamp Duty in SA.

Stamp Duty In Western Australia (WA)

Once the duties assessment notice has been issued, you will have one month to settle your stamp duty liability in WA.

Learn more about Stamp Duty in WA.

Stamp Duty In The Northern Territory (NT)

If you owe stamp duty in NT, you have 60 days from settlement to pay it.

Learn more about Stamp Duty in the NT.

Grow Your Business with QuickBooks

30-day free trial

Buy now and save

How To Calculate Stamp Duty?

Every state calculates stamp duty differently so to get the most accurate calculation you should use the relevant state stamp duty calculator. It also depends on whether you're purchasing a residential property, for the first time, and whether you are eligible for exemptions or concessions.

For example, first-home buyers in the ACT can spend up to $1,000,000 on a home and access the Home Buyer Concession Scheme. They would pay no stamp duty, but a non-first-time buyer would cost $34,504.

In comparison, in South Australia, when you buy a residential property for the purchase price of $607,000 you will pay a stamp duty of $27,215 regardless of whether you are a first-time buyer or not.

Stamp Duty On Cars

If you are planning to purchase a new or used vehicle, then you have to factor in stamp duty.

Just like property stamp duty, the car stamp duty is also imposed by state governments. It is calculated differently by each state or territory government, so the best way to get an accurate calculation is to use the relevant stamp duty calculator. Car stamp duty covers the cost of vehicle registration.

Stamp Duty On Property

First-time buyers

The majority of concessions on stamp duty are available to first-home buyers. However, this is dependent on where you live and the dutiable value of the home you are purchasing.

Commercial property

How much stamp duty you pay on commercial property will depend on where the property is and whether you are eligible for concessions.

Land

Stamp Duty Land Tax is calculated on the purchase price as a percentage. Different rates apply depending on the type of property, the location of the property, and the type of purchaser.

You can read our article about stamp duty on a property to learn more about the different rates that may apply.

Stamp Duty Exemptions

The most common exemption available is for first-home buyers. However, you are exempt from stamp duty if transferring a title in a divorce, or inheriting as a beneficiary in a will.

Recovering Stamp Duty Fees

You can't recover stamp duty fees – they aren't tax deductible. However, if it's an investment property, you can offset the stamp duty against Capital Gains Tax (CGT) if you sell the property at a profit.

Keep Learning with QuickBooks

Access more informative articles from the QuickBooks Blog to improve the performance of your small business.

If you want to learn more about how QuickBooks can help your business, you can sign up for a free 30-day trial.

While every care has been taken to ensure the accuracy of the information presented as at 12 April 2024, 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.

FAQs

What is stamp duty?

How much is stamp duty in NSW?

How much is stamp duty in Victoria?

How much is stamp duty in QLD?

Is stamp duty tax deductible?

If you purchase a home you plan to live in, you cannot claim stamp duty as a tax deduction. However, first-home buyers can claim concessions in most states (Tasmania and South Australia excluded).

If you are a property investor, you cannot claim a tax deduction because the ATO classes it as an acquisition cost. However, speak to your solicitor or conveyancer about offsetting the cost against your CGT when it is time to sell the property.

First Home Buyers Stamp Duty

May 15, 2023

A car driving down a road next to a mountain.

taxes

What is Stamp Duty on Cars and Vehicles

April 30, 2024

A small business owner working on her tax deductions

taxes

Tax Deductions in Australia - Tax Guide

May 3, 2024

Looking for something else?

Get QuickBooks

Smart features made for your business. We've got you covered.

See how it works

Help Me Choose

Use our product selector to find the best accounting software for you.

Choose your product

QuickBooks Support

Get help with QuickBooks. Find articles, video tutorials, and more.

Start learning

Stay up-to-date with the latest small business insights and trends!

Want more? Visit our tools and templates!

First Name*

Email*

What best describes you?*

By signing up you are agreeing to our terms and privacy policy.

- - QuickBooks reserves the right to change pricing, features, support and service at any time. Prices are in AUD and include GST. See our Terms of Service for further information.
  - Pricing: All prices are in AUD and include GST.
  - ProAdvisor Program: Please find the terms of our ProAdvisor program here.
  - 75% off for 6 months: For new subscribers, enjoy a 75% discount off the current monthly retail price for QuickBooks Self-Employed, QuickBooks Online Simple Start, QuickBooks Online Essentials or QuickBooks Online Plus for the first 6 months of your subscription (Offer). The discount will applied from the date of your enrolment and will continue for 6 months. From month 7, you will be charged the then current monthly retail price for your subscription. See current prices here. QuickBooks Payroll and QuickBooks Time prices are not eligible for any discount and will be invoiced separately according to your usage on a monthly basis during your subscription. Intuit reserves the right to request information to verify the eligibility of a purchaser of the Offer. Acceptance of such verification information is at the reasonable discretion of Intuit, which may revoke the Offer and impose a monthly cost for the subscription at the then current retail prices, at any time if it considers the purchaser is ineligible for the Offer.
  - 50% off for 12 months: For new subscribers, enjoy a 50% discount off the current monthly retail price for QuickBooks Self-Employed, QuickBooks Online Simple Start, QuickBooks Online Essentials or QuickBooks Online Plus for the first 12 months of your subscription (Offer). The discount will applied from the date of your enrolment and will continue for 12 months. From month 13, you will be charged the then current monthly retail price for your subscription. See current prices here. QuickBooks Payroll and QuickBooks Time prices are not eligible for any discount and will be invoiced separately according to your usage on a monthly basis during your subscription. Intuit reserves the right to request information to verify the eligibility of a purchaser of the Offer. Acceptance of such verification information is at the reasonable discretion of Intuit, which may revoke the Offer and impose a monthly cost for the subscription at the then current retail prices, at any time if it considers the purchaser is ineligible for the Offer.
  - 30% off for 3 months (Advanced): For new subscribers to QuickBooks Online Advanced, enjoy a 30% discount off the current monthly retail price for the first 3 months of your subscription (Offer). The discount will apply from the date of your enrolment and will continue for 3 months. From month 4, you will be charged the then current monthly retail price for your subscription. See current prices here. QuickBooks Payroll and QuickBooks Time prices are not eligible for any discount and will be invoiced separately according to your usage on a monthly basis during your subscription. Intuit reserves the right to request information to verify the eligibility of a purchaser of the Offer. Acceptance of such verification information is at the reasonable discretion of Intuit, which may revoke the Offer and impose a monthly cost for the subscription at the then current retail prices, at any time if it considers the purchaser is ineligible for the Offer.
  - 30% off for 12 months (Advanced): For new subscribers to QuickBooks Online Advanced, enjoy a 30% discount off the current monthly retail price for the first 12 months of your subscription (Offer). The discount will apply from the date of your enrolment and will continue for 12 months. From month 13, you will be charged the then current monthly retail price for your subscription. See current prices here. QuickBooks Payroll and QuickBooks Time prices are not eligible for any discount and will be invoiced separately according to your usage on a monthly basis during your subscription. Intuit reserves the right to request information to verify the eligibility of a purchaser of the Offer. Acceptance of such verification information is at the reasonable discretion of Intuit, which may revoke the Offer and impose a monthly cost for the subscription at the then current retail prices, at any time if it considers the purchaser is ineligible for the Offer.
  - 30% off for 3 months (existing subscribers): For existing QuickBooks subscribers who upgrade to QuickBooks Online Essentials, Plus or Advanced, enjoy a 30% discount off the current monthly retail price for 3 months of your subscription (Offer). The discount will be applied from the date you upgrade in-product and will continue for 3 months. From month 4, you will be charged the then current monthly retail price for your subscription. See current prices here. QuickBooks Payroll and QuickBooks Time services and prices are not eligible for any discount and will be invoiced separately according to your usage on a monthly basis during your subscription. Intuit reserves the right to request information to verify the eligibility of a purchaser of the Offer. Acceptance of such verification information is at the reasonable discretion of Intuit, which may revoke the Offer and impose a monthly cost for the subscription at the then current retail prices, at any time if it considers the purchaser is ineligible for the Offer.
  - Free Trial: First thirty (30) days of subscription to QuickBooks Online, QuickBooks Self-Employed and QuickBooks Payroll (including QuickBooks Advanced Payroll), starting from the date of enrolment, is free. During the free trial, you may pay any number of employees using QuickBooks Payroll free of charge. To continue using QuickBooks after your 30-day trial, you'll be asked to present a valid credit card for authorisation and you'll be charged monthly at the then-current fee for the service(s) you've selected.
  - QuickBooks Payroll powered by Employment Hero: Payroll services are offered by a third party, Employment Hero. QuickBooks Payroll is only accessible via QuickBooks Online subscriptions. You will be charged $5.00 (incl. GST) per month for each ‘active employee’ paid using QuickBooks Payroll. An ‘active employee’ is one who has been paid at least once in the billing month. For Advanced Payroll, there is an additional monthly subscription fee of $10 (incl GST). Pricing, terms and conditions, including service options, are subject to change.
  * Employment Hero was voted the leading payroll solution for SMBs <50 employees (Australian Payroll Association 2021 Payroll Benchmarking Study)
  - Customer support: Call or chat to an expert for QuickBooks Online Accountant, QuickBooks Simple Start, Essential, Plus, and Advanced or use in-product QB Assistant and chat for QuickBooks Self-Employed. You'll also find useful resources in the QuickBooks Community.
  - Compatible Devices: QuickBooks Online, QuickBooks Self-Employed and QuickBooks Payroll require a computer with Internet Explorer 10, Firefox, Chrome, or Safari 6 and an Internet connection (a high-speed connection is recommended). The QuickBooks Online mobile app works with iPhone, iPad, and Android phones and tablets. QuickBooks Online and QuickBooks Payroll are accessible on mobile browsers on iOS, Android, and Blackberry mobile devices. Devices sold separately; data plan required. QuickBooks Payroll cannot be used on the mobile apps. Not all features are available on the mobile apps and mobile browser. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Product registration required.
  - Get paid faster: Get paid 2.5x faster invoicing with PayPal
  * PayPal and QuickBooks customers get paid on average in less than 5 days, which is over 7 days faster than the average for invoices that get paid with other payment methods. Data is for paid invoices that were created in QuickBooks in Australia between 23.05.22 and 23.11.22
  - Tax deductions: Tax deductions not guaranteed due to being subject to user data entry errors. Mileage calculation provided by the Australia Taxation Office - 85 cents per kilometre for the 2023-2024 income year. To a maximum of 5,000 business kilometres per car (Deductions are only applicable to cars)
  - Customer Service Awards: Excellence in Customer Service Award at the CX Australia Awards 2022
  - Multiple file discount: Multiple file discount applies to QuickBooks Australia customers only and valid when signing up for more than one QuickBooks Online subscription in one order. Further terms and conditions available here. Not applicable to QuickBooks Self Employed.
  - Reviews: GetApp, Capterra, Google Play Store, Apple App Store reviews as at date 08/01/24.
  - Cost per day claim: Based on a QuickBooks Simple Start Plan at its regular retail price of $25 per month and a 31 day month.
  - Cost per day claim (annual): Based on a QuickBooks Simple Start Plan at its regular retail price of $270 per year and a 365 day year.
  - Annual Billing: You may pay for your QuickBooks Online subscription on an annual, upfront basis to enjoy a discount on the current fees. If you use QuickBooks Payroll powered by Employment Hero, your payroll costs will still be charged monthly to your nominated payment method in accordance with your usage as set out here. If you cancel your QuickBooks Online subscription within the pre-paid 12 month period, you will not be eligible for a refund, but will retain full access to your QuickBooks Online subscription for the remainder of the 12-month period. Unless cancelled by you prior, your annual subscription will auto-renew on the 12 month anniversary of your sign-up date using the billing details you have given us. Discounts, prices, terms and conditions are subject to change.
  - Over 7 million customers: Based on number of global QB customers (ecosystem) (7.1m) worldwide as of October 2022.
  - Free Onboarding: Applicable to Buy Now subscriptions on QuickBooks Simple Start, Essentials and Plus plans. Not available for QuickBooks Self-Employed.
  - Save Hours: Save up to an average of 29 hours per month with QuickBooks.
  - * Based on a survey conducted by Intuit Australia Pty Ltd in September 2022. Time saving is in comparison to previous accounting method, based on 184 responses from customers that saw time savings.
  - Get access to QuickBooks Tax: ***Access QuickBooks Tax, powered by LodgeiT, by becoming a member of the QuickBooks ProAdvisor Program (it’s free to join). Find out more about the ProAdvisor Program here, including the terms of the QuickBooks Tax offer in the Program here.
  - QuickBooks Time Disclaimers & Offers for Australia: For Important pricing offers and disclaimers with further information, please see here.
  - *Full terms and conditions for access to QuickBooks Tax, powered by LodgeiT as part of the the Proadvisor Program can be found here. QuickBooks reserves the right to change pricing, features, support and service at any time.
  - **Intuit conducted a study involving 56 interviews with accountants and bookkeepers who used Books Review for BAS preparation between March to December 2021 and found that when using Books Review, participants reduced the time spent preparing their clients BAS Reports by around 40%.
  - Our Terms of Service apply to all QuickBooks Online subscriptions. Please review them carefully.