You will need to pay this duty on the transfer of land (including buildings). Land transfer duty is based on the market value of the property or the price paid including any GST, whichever is greater.
Exemptions to this duty may apply.
The time period for paying duty is 30 days.
The rates of duty are different depending on when the contract to purchase property is entered into:
- For contracts entered into on or after 6 May 2008, he rate of duty charged is on a sliding scale down from a top rate of 5.5% for property valued at more than $960,000 to a base rate of 1.4% for properties valued at not more than $25,000.
- For contracts entered into before 6 May 2008, the rate of duty charged is on a sliding scale down from a top rate of 5.5% for property valued at more than $870,000 to a base rate of 1.4% for properties valued at not more than $20,000.
Please consult the responsible agency for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
Land transfer duty is payable on all land transactions unless you are eligible for an exemption, such as a charitable organisation engaging in commercial activities.
For information regarding exemptions, please consult the Agency and the information on their website.
Duty is payable on each transaction.
The rate of duty charged is on a sliding scale. Please contact the Agency for further information.
Land Transfer Duty Forms - Please contact the responsible agency for application forms and registration details.
The Agency has a variety of payment options available.
Department of Treasury and Finance
State Revenue Office
Duties Act 2000 (Victoria)
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