2010 May

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