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Stamp Duty

Stamp Duty is a tax paid to the Queensland Government on the transfer of property in Queensland.

It is called Stamp Duty because in simpler times the duty was paid by fixing a stamp on the instrument of transfer.

Stamp Duty is paid by the buyer of the property. If you are buying we will collect the Stamp Duty from you prior to or at settlement of the contract. Some buyers do not have to pay Stamp Duty or pay a discounted Stamp Duty including:

  • First home buyers
  • Spouses getting their matrimonial home under an order of the Family Law Act
  • A direct gift under a Will
  • Home buyers

If you are buying a property, to see if you have to pay stamp duty and calculate the duty, please use the Office of State Revenue's calculators for stamp duty on transfers.

To read our helpful guide on stamp duty please click here.

If you have a query regarding Stamp Duty please click here.

First Home Buyers

If you are buying a home for $500,000 or less you pay no Stamp Duty.

You must be buying your first home and if you have owned a house or unit before (even if you didn't live in it) you will not get the exemption.

If you are buying a home with another person and it is not their first home you will get an exemption for your part of the home but they will have to pay normal duty on their part.

Home Buyers

If you are buying a home for $350,000 or less Stamp Duty will be 1%.

If you are buying a home with another person and it is not to be their home you will receive a concession for your part of the home but they will have to pay normal duty on their part.

Requirements

To qualify for a Stamp Duty exemption or concession you need to:

  • Move into the home within 12 months of settlement of the contract.
  • Live in the home once you move in as your home.
  • Tell us if you don't move in, or if you do move in and move out within 12 months so we can notify the Queensland Government so we can arrange the repayment of the duty or part of the duty. Penalties apply if the Queensland Government is not told.
  • Ensure the home is approved as a home property (vacant land, commercial properties, caravans aren't) by the local council.
  • Sign a declaration telling the Queensland Government that you are being honest about the property being your home.

Important Warning

Remember it is an offence if you make a false declaration and don't tell the Queensland Government the truth.

There is no fee payable to C-Property by you to C-Property for this service. It's free and just another way that C-Property gives you the complete conveyancing service.

Typically, conveyancing services leave you to deal with the confusing matter of stamp duty, not C Property.

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