CONVEYANCING

Calculating Land Transfer Duty (VIC)

Below is a copy of the Victoria Land Transfer Duty Calculator available from within our purchased service. We have made this tool freely available for use by the public (although note the disclaimer at the bottom).

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QuickLaw Conveyancing Stamp Duty Calculator


1. Purchase Price*

$ .00  (Type the purchase price in figures DO NOT insert any symbols e.g. $ or commas)

NOTE:

If the property is being purchased between arms length Buyer and Seller, land transfer duty is calculated on the purchase price in your Contract. If the transaction is between related parties, then insert the purchase price or market valuation, whichever is the higher.

If less than 100% of the property is being transferred the purchase price/market value will need to be reduced by the same proportion.


2. Residency Status

I am buying my first new home / unit
I am buying vacant land to build my first home
I am buying a home (house/unit)
I am buying an investment property (house/unit/vacant land)

NOTE:  This calculator is not applicable where there is more than two Buyer's and their status is different (e.g. one is a first home owner, and the other is an Investor).  This is a complicated calculation and you will need to refer to the State Revenue Office. The (SRO) also has a Land Transfer Duty Calculator available on their website here.

PLEASE BE AWARE

Do not rely solely on our information about land transfer duty or other government concessions as it is always changing and this information cannot fit every situation or cover every bonus/concession scheme offered from time to time. Use these pages as a base and always contact the State Revenue Office before paying land transfer duty to ensure that you are paying the correct land transfer duty, and your eligibility for any concessions, schemes or bonuses on offer (whether with (SR)O or other departments).

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