Transfer Duty, also known as Stamp Duty, is a tax that state and territory governments charge for certain documents and transactions.  It is paid by the purchaser.

You’ll need to pay Transfer Duty for things like:

• Buying a property, including your home or holiday home
• Buying an investment property
• Buying vacant land or a farming property
• Buying commercial or industrial properties,
• Buying a business, which includes land.
• Motor vehicle registration and transfers
• Insurance policies
• Leases and mortgages
• Hire purchase agreements

The amount of stamp duty you’ll need to pay depends on the type and value of your transaction.

In some circumstances, you may be able to get a concession or exemption from paying stamp duty.

The rate of Transfer Duty varies between states and territories.  The rate also varies depending on the nature of the transaction.  With all the decisions involved in making major purchases it can be overlooked.  It is imperative that you choose an advisor who is alert to the purchases which could trigger this tax.

Our expertise can help you with:

• Preparation and lodgement of all forms relating to Stamp Duty
• Advice on Stamp Duty matters, including grouping regulations

Contact us today.

Disclaimer:
The above services are provided by Stanley & Stewart Accountants Pty Ltd ABN 76 114 691 673, trading as Stanley & Stewart Chartered Accountants, a company that is not licensed to provide financial planning services.
Any financial planning services required are provided by Stanley & Stewart Financial Planning Pty Ltd ABN 97 611 554 299, an Authorised Representative of Politis Investment Strategies Pty Ltd ACN 71 106 823 241 AFSL No 253125.
Liability limited under a scheme approved by Professional Standards Legislation.