Transfer duty, (formerly known as stamp duty) is payable in NSW when you buy:
You will also pay transfer duty when ownership or an interest in land is transferred to you 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.
|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. That means 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 a 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 are also knowledgeable about any exemptions or concessions of duty that you may be able to take advantage of.
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 need to apply within either
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.
The penalty rate is 25 per cent of the amount owing but, depending on the circumstances, it can be as high as 90 per cent of the outstanding balance.
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 will still have to 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.
There are some other situations where you still may have to pay transfer duty, including if you
Read more about other occasions when transfer duty may apply.