When purchasing a property in Queensland, or in most States across Australia, one of the biggest costs is that of stamp, or transfer duty. Transfer duty is a tax imposed by State Governments on the transfer of property and often rises into the tens of thousands of dollars, catching many buyers off guard. It’s one of those taxes that has been widely criticised.
Transfer Duty in Queensland – Concession Requirements:
Buying an Investment Property - Transfer Duty Guide:
Buying a Property - Transfer Duty in Queensland:
Paying Transfer Duty - How it Varies State to State:
With the recent news of skyrocketing property prices there comes another associated rising cost in the form of stamp, or transfer duty payable on the property. Transfer duty is payable on the price of the property purchased, which means that an increase in prices brings a corresponding increase in transfer duty.
Buying a Property - The Payment of Transfer Duty:
Deciding to enter the property market and purchase a property is a big decision and one that does carry with it quite a few upfront costs. One of these costs that is often overlooked by buyers is transfer duty, which is a taxed imposed by the Queensland Government on the transfer of property.