Stamp Duty Victoria (Vic)

Stamp Duty Victoria is charged on a range of different transactions including the transfers of Land.

How is duty charged?

The way that Duty is charged depends on the nature of the transaction. It can either be charged at a flat rate or based on the value of the transaction (ad valorem rate) This is why the Stamp Duty Calculator Victoria is a very useful tool, because to calculate Stamp Duty Vic. is quite complex, and depends on whether the property is for residential or non residential use.

Using the Stamp Duty Calculator Victoria is very easy, and takes the guess work out of calculating the correct amount of Stamp duty Victoria.

All you need to do is enter the property value for the property you are looking at buying, and choose the property type; depending on whether you will living in the home as your primary place of residence.

Next select the First Home Buyer option; whether this is your first home purchased or not.

The stamp duty calculator Victoria will show you the amount of stamp duty payable in Victoria.

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Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results
should be used as indication only. They are neither a quote nor a pre-qualification for a home loan.

 

The SRO administers Victoria’s taxation legislation and collects a range of taxes, duties and levies. The SRO also administers the First Home Owner Grant, the First Home Bonus and the First Home Owner Boost. Since October 2004 the SRO has also administered the Unclaimed Moneys function. The SRO also administers several subsidies and exemptions.

Principal place of Residence (PPR)

Tax rate information according to the Duties Act 2000
For Contracts On Or After 6 May 2008
For the purchase of a home (which will be used as your Principal place of residence) for contracts entered into on or after 6 May 2008.

  • $0 – $130,000 The Principal place of residence (PPR) concessional rate does not apply.
  • > $130,000 – $440,000 $2,870 plus 5 per cent of the dutiable value in excess of $130,000
  • > $440,000 – $550,000 $18,370 plus 6 per cent of the dutiable value in excess of $440,000
  • More than $550,000 The Principal place of residence (PPR) concessional rate does not apply.

For the purchase of any other property (i.e. not your Principal place of residence) for contracts entered into on or after 6 May 2008.

  • $0 – $25,000 1.4 per cent of the dutiable value of the property
  • > $25,000 – $130,000 $350 plus 2.4 per cent of the dutiable value in excess of $25,000
  • > $130,000 – $960,000 $2,870 plus 6 per cent of the dutiable value in excess of $130,000
  • More than $960,000 5.5 per cent of the dutiable value