Is a “one off” tax on certain transactions imposed by state and territory governments. It can vary depending on the state or territory, and may be called stamp duty, transfer duty or general duty.
When buying a property, the most common types of stamp duty are on transfers of land and on home loans.
Depending on the nature of the transaction, certain concessions and exemptions may be available.
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About Michael Yardney
Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au
