Transfer duty applies whenever you sell, buy or transfer property—such as land or rights to land—in Queensland. Transfer duty is charged on ‘dutiable transactions’ (i.e. transfers that duty applies to) for property.
Dutiable transactions may include:
- signing a contract to buy or sell a home
- giving a half-share of a property you own to your spouse as a gift
- giving someone access across your property (an easement)
- creating a trust over land that you previously owned in your own right for your children or family members.
Please see below a transfer duty calculation guide:
AFAD residential land
Land in Queensland that is or will be used solely or primarily for residential purposes, including:
- established homes and apartments
- vacant land upon which a home or apartment will be built
- land for development for residential use, such as:
- smaller unit block developments
- housing subdivisions
- major developments with a residential component
- buildings refurbished, renovated or extended for residential use.
Other types of residential property such as retirement villages and student accommodation are considered on a case-by-case basis.
You may be eligible to some concession or exemption of the duty. For more information, please contact our office.
New Legislative Update
The Revenue and Other Legislation Amendment Bill 2019 (Qld) received Royal Assent on 17 June 2019, and has now come into effect in its entirety.
LANDHOLDER DUTY AND PARTNERSHIP PROPERTY
A new deeming provision has been introduced to deem all property held by a landholder pursuant to a partnership to be taken as the landholder’s property for the purposes of calculating landholder duty – regardless of the landholder’s interest in the partnership.