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Property Transfer Duty
Duty (previously known as “stamp duty”) is a form of taxation charged by the State Government, under the Duties Act 2001 , when someone acquires an interest in property, usually by buying a property. Normally, duty must be paid by the purchaser/transferee within three months of the dutiable transaction.
When you buy or acquire a property, the person(s) selling or transferring the property must pay any unpaid land tax and they will need to obtain an Estimate of Liability at Settlement Date (EOLSD) to determine how much, if any, needs to be paid.
Grants and Rebates
For first home buyers
The First Home Owner Grant (FHOG) and First Home Builder Boost (FHBB) are grants available to assist property buyers, who meet certain criteria to purchase their first home.