Work out the land transfer duty on a Victorian property purchase in seconds — as a first home buyer, owner-occupier, investor or foreign purchaser.
Off-the-plan purchases may qualify for a duty concession that reduces the dutiable value by construction costs after the contract date — often a large saving. This estimate uses the full price; your lawyer confirms your exact concession.
An estimate on the Victorian rates published by the State Revenue Office. General information only — the SRO’s own calculator is authoritative, concessions have conditions, and government transfer fees are separate.
Land transfer duty is worked out on the price or the market value of the property, whichever is greater, using the rate bands the State Revenue Office publishes. Owner-occupiers, first home buyers and some off-the-plan purchasers can pay less; foreign purchasers pay additional duty on top.
First home buyers are exempt on homes up to $600,000 and receive a sliding concession up to $750,000, provided they meet the conditions — including living in the home. Above $750,000 the standard rates apply.
Often not. Transfers between spouses or domestic partners made under family law court orders or a binding financial agreement are generally exempt from duty — but the exemption depends on how the transfer is documented, so get advice before anything is signed.
If the conditions of a concession or exemption are not met — for example, not moving in within the required time — the SRO can reassess and ask for the duty back, with interest and penalty tax. You can object, but the time to do it is short.
Duty reassessed or a concession withdrawn? See stamp duty reassessments and objections.
Talk it through with a lawyer before anything is signed — online across Victoria, or in person.