Stamp duty is payable on property investment transactions. Stamp Duty is a tax on written documents (‘instruments’) and on certain transactions. It is imposed by state and territory governments. It can vary depending on the state or territory, and may be called stamp duty, transfer duty or general duty.
What transactions are taxed?
Taxable transactions include:
- motor vehicle registration and transfers
- insurance policies
- leases and mortgages
- hire purchase agreements
- transfers of property (such as businesses, investment property and owner/occupier real estate or certain shares).
The rate of stamp duty varies according to the type and value of the transaction involved.
