Duty is payable within three months of a transfer occurring and is payable on the greater of the consideration paid or the unencumbered value of the property.
If a transaction was negotiated on the open market and at arms length, the consideration (including GST) is accepted as reflecting the unencumbered value of the property and is used to determine the duty payable.
For all other transactions, it is highly recommended that you discuss any duty liabilities with your representative (solicitor/conveyancer) or contact the State Revenue Office on 03 6233 8070 or by e-mail.
To calculate the duty liability on a transfer of property, enter the consideration paid or the unencumbered value in the calculator (including GST).
On 1 October 2012 and from 21 October 2013, the rates and property value thresholds for the calculation for property transfer duty changed. For more information please read the 2012-13 Budget Property Transfer Duty fact sheet and the Fact Sheet for the (2013) amendments to the Duties Act 2001.
1. Each time you change the 'Date of Transfer' selection or the amount entered in the 'Value' box you need to click 'Calculate' to recalculate the amount of duty owed.
2. Clicking 'Reset' will clear the amounts in the 'Value' and 'Duty Owed' boxes