Stamp Duty

Transfer duty was previously referred to as stamp duty.

Transfer duty must be paid on dutiable transactions for property in Queensland.

When buying certain types of property, you will have to pay transfer (stamp) duty.

Transfer duty is calculated on the value of the property.

Dutiable value Duty rate
Up to $5,000 Nil
$5,000 to $75,000 $1.50 for each $100, or part of $100, by which the dutiable value is more than $5,000
$75,000 to $540,000 $1,050 plus $3.50 for each $100, or part of $100, by which the dutiable value is more than $75,000
$540,000 to $1,000,000 $17,325 plus $4.50 for each $100, or part of $100, by which the dutiable value is more than $540,000
More than $1,000,000 $38,025 plus $5.75 for each $100, or part of $100, by which the dutiable value is more than $1,000,000,/p>

First Home Stamp Duty Concessions

You can claim a first home concession if you:

  • have never held an interest in residential land anywhere in the world
  • have never claimed the first home vacant land concession
  • are buying a home to live in as your principal place of residence
  • are at least 18 years of age

The concession does not apply to any part of the land that is used for non-residential purposes.

Purchase price/value Concession
Up to $505,000 $8,750
$505,000 to $509,999.99 $7,875
$510,000 to $514,999.99 $7,000
$515,000 to $519,999.99 $7,000
$515,000 to $519,999.99 $6,125
$520,000 to $524,999.99 $5,250
$525,000 to $529,999.99 $4,375
$530,000 to $534,999.99 $3,500
$535,000 to $539,999.99 $2,625
$540,000 to $544,999.99 $1,750
$545,000 to $549,999.99 $875
$550,000 or more nil

Your obligations

You must:

  • occupy the home as your first principal place of residence within 1 year of the transfer or acquisition date
  • not dispose of part or all of the property before moving in or within 1 year of the date you move in.

First Home Vacant Land Concessions

You can claim a first home vacant land concession if:

  • you buy vacant land after 1 January 2007
  • you have never held an interest in residential land anywhere in the world
  • the home to be constructed on the vacant land will be your first home
  • there will only be one home constructed on the vacant land
  • there was no building, or part of a building, on the land when you bought it
  • you have not received a first home vacant land transfer duty concession before.
  • you are at least 18 years of age
Dutiable value of the first home vacant land Concession
Up to $250,000 100% of transfer duty
$250,000 to $259,999.99 $7,175
$260,000 to $269,999.99 $6,700
$270,000 to $279,999.99 $6,225
$280,000 to $289,999.99 $5,750
$290,000 to $299,999.99 $5,275
$300,000 to $309,999.99 $4,800
$310,000 to $319,999.99 $4,325
$320,000 to $329,999.99 $3,850
$330,000 to $339,999.99 $3,375
$340,000 to $349,999.99 $2,900
$350,000 to $359,999.99 $2,425
$360,000 to $369,999.99 $1,950
$370,000 to $379,999.99 $1,475
$380,000 to $389,999.99 $1,000
$390,000 to $399,999.99 $525
$400,000 or more No concession

Your obligationss

You must:

  • build and occupy the constructed home as your first principal place of residence within 2 years after the land is transferred to you
  • not dispose of all or part of the land before or within 1 year after you start living in the constructed home.
Home Concessions

Note: The home concession did not apply from 1 August 2011 to 3 June 2012 in Queensland.You can claim a home concession if you:

  • buy a home and move into it within 1 year of the date of transfer or acquisition
  • live in the home as your principal place of residence.

The concession does not apply to any part of the land that is used for non-residential purposes.

Purchase price/value Duty rate
Up to $350,000 $1.00 for each $100 or part of $100
$350,000 to $540,000 $3,500 + $3.50 for every $100 or part of $100 over $350,000
$540,000 to $1,000,000 $10,150 + $4.50 for every $100 or part of $100 over $540,000
More than $1,000,000 $30,850 + $5.75 for every $100 or part of $100 over $1,000,000

Your obligations

You must:

  • occupy the home as your principal place of residence within 1 year of the date of transfer or acquisition
  • not dispose of part or all of the property before moving in or within 1 year of the date you move in.