What is stamp duty?
Stamp duty is a tax levied by all Australian territories and states on property purchases. The stamp duty a buyer pays is based on the property purchase price, location and loan purpose. Some states charge different rates on investment properties than on places of residence.
Insight into stamp duty
With rising property prices comes rising stamp duty, particularly in inner-city suburbs of state capitals. It's a significant cost that all buyers should consider when determining how much they can spend on their next home or investment property.
Is stamp duty on investment property tax deductible?
Investment property acquisition costs, including stamp duty paid upon purchase, are not expenses you can claim as tax deductions.
Who is exempt from stamp duty?
First-home buyers may be eligible for stamp duty exemptions or concessions under certain conditions. To see what the current conditions are for stamp duty exemptions and concessions, visit your state’s government website: