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