Sell with Confidence
Read More
News

What is stamp or transfer duty?

By Waverly Atkinson

Stamp duty is a tax imposed on numerous acquisitions, including selling real estate, cars and assets belonging to a business.

In the case of real estate, the purchaser is the one who pays the tax. It is a legal requirement for stamp duty to be paid within 30 days of  the settlement date. All transfers of land, or sales of property, including gifts of property attract a duty, but there are a few exceptions to this, including:

  • Pensioners
  • Deceased estates
  • First home buyers
  • Family farms
  • Young farmers
  • Principle place of residence
  • Off-the-plan sales

As stamp duty isn’t a tax levied by the federal Government, the amount of stamp duty paid changes from state-to-sate. It’s worth researching the rate of your home state

Up to Date

Latest News

  • BIG HEART FOR THE BASH!

    Paul Wrigley from Ray White Toronto & Lake Macquarie drives for disadvantaged kids! Starting and finishing in Newcastle, every day you take as many dirt roads and travel to 2 schools and donate to each school to go towards school programs, transport, much-needed equipment and resources for the students. “It’s … Read more

    Read Full Post

  • VARIETY BASH 2021 – Day 3

    Day 3 was an epic day! We had some low points we admit – rerouting to an afternoon of blacktop for example – and some real highlights – the performances from the kids in Pallamallawa and Rowena are now the stuff of legend. Once again today we were reminded of just … Read more

    Read Full Post