Skip to main content
Get an instant quote now

Queensland Stamp Duty Concessions Explained

Conveyancing Stamp Duty Calculator

Click for the QLD Stamp Duty Calculator

Queensland Stamp duty (also known as Transfer Duty) is essentially a tax on the transfer of property, payable to the Qld Government by the buyer of the property. The following is a guide for the different stamp duty concessions that may be available to you. 

Stamp Duty Queensland - Concession Requirements

FIRST HOME CONCESSION 

  • you have never owned property anywhere in the world before; and
  • you intend to move into the property within 12 months of settlement; and
  • the property will be your principal place of residence for a minimum of 12 consecutive months after you move in; and
  • you will not enter into a new lease of the property prior to moving into it.

HOME CONCESSION

  • you have owned property before; and
  • you intend to move into the property within 12 months of settlement; and
  • the property will be your principal place of residence for a minimum of 12 consecutive months after you move in; and
  • you will not enter into a new lease of the property prior to moving into it.

FIRST HOME - VACANT LAND CONCESSION

  • you have not previously held an interest in residential land (whether in Queensland or elsewhere); and
  • you have not previously claimed this concession for other vacant land; and
  • you will build and occupy the home constructed on the land as your first principal place of residence within 2 years after the land is transferred to you; and
  • you will not dispose of the land before, or within 1 year after you start to occupy the residence constructed on the land as your home.

VACANT LAND - NO CONCESSION

  • you do not meet the requirements for the First Home Vacant Land Concession; or
  • property purchased in the name of a company or trust is deemed by the government to be investment property;

INVESTMENT PROPERTY - NO CONCESSION

  • you do not meet the requirements for either the First Home or Home concessions outlined above; or
  • property purchased in the name of a company or trust is deemed by the government to be investment property; or
  • the property you are purchasing is commercial property

Stamp Duty Changes Qld, Stamp Duty July 2012 Queensland, Stamp Duty Rates August 2011 

 

BACK TO THE QUEENSLAND STAMP DUTY CALCULATOR

Liability limited by a scheme approved under professional standards legislation.
Creative Agency Brisbane