You must pay transfer duty – once known as stamp duty – in NSW when you buy:
You must also pay transfer duty when you acquire land, or an interest in land, without buying it. For example:
In some circumstances, you may be eligible for a concession or exemption from transfer duty. such as
You must pay transfer duty within three months of signing a contract for sale or transfer, except in the case of off-the-plan purchases.
If you buy off-the-plan and you intend to live in the property, you may be able to defer your transfer duty liability for up to 12 months.
Use our online calculator to work out how much transfer duty you’ll need to pay.
We charge a standard transfer duty rate, as well as a premium duty rate, for residential properties worth more than $3 million.
You must pay transfer duty based on the property’s sale price or its current market value, whichever is higher.
If the buyer and seller are related or associated, or you’re not transferring the whole property, the property must be valued by a suitably qualified person.
|Property value||Transfer duty rate|
|$0 to $14,000||$1.25 for every $100 (the minimum is $10)|
|$14,001 to $30,000||$175 plus $1.50 for every $100 over $14,000|
|$30,001 to $80,000||$415 plus $1.75 for every $100 over $30,000|
|$80,001 to $300,000||$1,290 plus $3.50 for every $100 over $80,000|
|$300,001 to $1 million||$8,990 plus $4.50 for every $100 over $300,000|
|Over $1 million||$40,490 plus $5.50 for every $100 over $1 million|
|Property value||Premium rate|
|Over $3 million (residential properties only)||$150,490 plus $7.00 for every $100 over $3 million|
The premium rate applies to residential properties only. If your property is worth more than $3 million and part of it is used for business, we’ll only take into account the part that’s used for residential purposes when applying the premium transfer duty threshold.
For large properties, the premium transfer rate is calculated only on the first two hectares of land you own, as a proportion of your overall parcel of land. The remainder of your property will be charged at the standard rate.
Your solicitor or conveyancer can lodge an application for assessment on a contract for sale or transfer of land on your behalf. They’ll also arrange for duty to be paid. This is typically done as part of the settlement process. They'll also know if you are entitled to any exemptions or concessions.
You can apply for a refund (PDF, 259 KB) if you’ve paid transfer duty on a contract for sale or transfer that doesn’t go ahead.
You must apply within:
When applying for a refund, we’ll ask you for:
If you don’t pay your transfer duty on time, you’ll be charged interest on the amount you owe. We may also charge additional penalties.
From 1 July 2016, the NSW government abolished transfer duty on the sale of business assets, including intellectual property, goodwill and statutory licences.
However, you still must pay transfer duty on any land the business holds. Duty will be assessed on the value of the land, including leasehold interests, fixtures and goods.
If you're transferring or assigning a lease not connected to any business assets, complete the declaration for urgent stamping of transfers and assignment of leases form (PDF, 226.6 KB).
Other transactions that may require transfer duty include:
Read more about other occasions when transfer duty may apply.