Stamp Duty in Queensland

IMPORTANT UPDATE

The Queensland Government has made recent major changes to Stamp Duty in Queensland.

Mortgage Duty

Stamp Duty is no longer payable on a Queensland Mortgage.

Transfer Duty on Houses and Land

(a)     Investment property or vacant land (not first home)

Value of PropertyStamp Duty Rate
Up to $5,000Nil
$5,000 to $75,000$1.50 for each $100, or part of $100, over $5,000
$75,000 to $540,000$1,050 plus $3.50 for each $100, or part of $100, over $75,000
$540,000 to $1,000,000$17,325 plus $4.50 for each $100, or part of $100, over $540,000
More than $1,000,000$38,025 plus $5.75 for each $100, or part of $100, over $1,000,000

(b)     Home

Value of PropertyStamp 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 each $100, or part of $100, over $350,000
$540,000 to $1,000,000$10,150 + $4.50 for each $100, or part of $100, over $540,000
More than $1,000,000$30,850 plus $5.75 for each $100, or part of $100, over $1,000,000

(c)     Vacant land for first home Value of Property Stamp Duty

Dutiable value of the first home vacant landConcession amount
Up to $250,000100%
$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 moreNil

(d)     First Home Buyers
Duty calculated as home purchase less the concession amount below:

ValueConcession Amount
Up to $504,999.99$8,750
$505,000 to $509,999.99$7,875
$510,000 to $514,999.99$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 moreNil

As at 1 July 2012 this information was correct. This information should be treated as being only an indication of Stamp Duty as the Queensland Government may change the Duty at any time in the future. Please contact us if you wish to confirm the actual duty payable.