Clear definitions of key Australian Australian stamp duty and property transfer duty terms. Use this glossary alongside our calculator to understand your results.
A reduction in stamp duty available to eligible buyers, such as first home buyers or pensioners.
The date the property contract is signed, which determines when stamp duty is triggered — not the settlement date.
A property transfer or acquisition that is subject to stamp duty under state legislation.
The value on which stamp duty is calculated — the greater of the purchase price or market value of the property.
A complete waiver of stamp duty for eligible buyers or transactions, such as first home buyer exemptions.
A government cash payment available to eligible first home buyers purchasing or building a new home.
An additional stamp duty of 7-8% charged to foreign purchasers of Australian residential property.
Purchasing a property before construction is complete. Stamp duty may be calculated on the land value only, reducing the duty payable.
The home in which a buyer primarily lives. Owner-occupiers generally pay lower stamp duty than investors.
The legal completion of a property purchase, typically 30-90 days after contracts are exchanged.
The government agency in each state responsible for collecting stamp duty and administering concessions.
The official term for stamp duty in most Australian states — a tax on the transfer of property ownership.
Now that you understand the terminology, use our free Stamp Duty Calculator to calculate your results. All terms above appear throughout the calculator and our guides.
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