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2/9 ADF Entitlements – Stamp Duty Concessions

Let us take you through your next entitlement – Stamp Duty Concessions!

Stamp duty is a state government tax charged on the purchase of a property. It’s done on the day the title changes hands. If you’re purchasing a house and land package, the title changes hands on the day the land settles. This means you will only pay stamp duty on the land price – that’s an easy way to save money. If you’re buying an existing home or off the plan it will be calculated as a percentage of the full purchase price. (Check your state government website for updated stamp duty values as they do change from time to time.)

State
FHOG
Stamp Duty Concession
QLD
$15,000
$15,925 (purchases under $550,000)
NSW
$10,000
$24,740(purchases under $650,000)
ACT
$0
No cap if under the threshold of $160,000.
VIC
$10,000
$31,070 (purchases under $600,000)
TAS
$30,000
$6,728.75 (50% concession on purchases under $400,000)
NT
$10,000
Up to $23,928(purchases under $500,000)
SA
$15,000
Nil
WA
$10,000
$16,340 (purchases under $430,000)

For more eligibility criteria for your ADF Entitlements download our FREE Unofficial ADF Property Guide below.  CLICK HERE

See you next when we cover more on Home Purchase Assistance Scheme (HPAS)

Contact someone you can trust to help you with your ADF Housing Entitlements, call us at 1300 372 677 or send us an email info@integrityx.com.au

~Integrity Team

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Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.