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What is stamp duty?

Stamp duty (sometimes called transfer duty) is a tax you pay when buying a property. There are a few factors that determine the amount payable, including the value or purchase price of the property, your State or Territory and whether you're eligible for any concessions or exemptions.

Who is eligible for a stamp duty exemptions or concessions?

If you’re a first home buyer or your property is under a certain value, you may be eligible for a stamp duty exemption.

The rules around stamp duty exemptions or concessions vary between states and territories. To check if you’re eligible, contact your local State or Territory Revenue Office for more information.

Is stamp duty tax deductible?

Unfortunately, no.

On the upside, if you're buying an investment property, the ATO considers stamp duty as a cost of buying a property. This can help you reduce any capital gains tax paid if you sell the property for a profit.

If you’re buying an investment property, many of your rental property expenses such as advertising for tenants, maintenance, repairs, and insurance can be claimed on tax. Check with your accountant or a tax professional for more information.

Do you pay stamp duty on a new build?

Stamp duty is determined by a property’s purchase price or value, purpose and who is buying the property rather than if the home is a new or existing build. While the rules vary between states and territories you can contact your local State or Territory Revenue Office to find out if you’re eligible for a stamp duty exemption.

You can also read our FAQ Who is eligible for a stamp duty exemption? To learn more.