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Stamp Duty on Purchase in NSW<br />
Dutiable value of the dutiable property subject<br />
to the dutiable transaction<br />
Rate of duty<br />
$1.25 for every $100 or part of the dutiable<br />
$0 - $14,000<br />
value<br />
$14,001 - $30,000<br />
$175 plus $1.50 for every $100 or part , by<br />
which the dutiable value exceeds $14,000<br />
$30,001 - $80,000<br />
$415 plus $1.75 for every $100 or part, by<br />
which the dutiable value exceeds $30,000<br />
$1,290 plus $3.50 for every $100 or part,<br />
$80,001 - $300,000<br />
by which the dutiable value exceeds<br />
$80,000<br />
$8,990 plus $4.50 for every $100 or part,<br />
$300,001 - $1m<br />
by which the dutiable value exceeds<br />
$300,000<br />
$40,490 plus $5.50 for every $100 or part,<br />
over $1m<br />
by which the dutiable value exceeds<br />
$1,000,000<br />
· A sale or transfer of land (including improvements) or a business in NSW is liable to duty. It is immaterial whether<br />
or not the transaction is effected by a written instrument or by other means, including electronic means.<br />
· A liability for duty arises when the sale or transfer occurs. However, if the sale or transfer is effected by a written<br />
instrument, liability for duty arises when the instrument is first executed.<br />
· Duty is payable within 3 months of the date liability arises. The purchaser or transferee is liable to pay the duty.<br />
· Purchasers of Newly-constructed dwellings worth up to $600,000 will receive 50% discount on stamp duty if they<br />
purchase before 30 June 2010.<br />
(source: NSW office State Revenue website)<br />
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