How is Stamp Duty Calculated in NSW?
If you’ve purchased a property in NSW, you’ll have to pay stamp duty. Working out how much you will owe can be simply calculated using this tool. Below are some additional guidelines to help make the whole process simpler.
John Sassine
Mar 08, 2022
Who pays stamp duty?
You must pay stamp duty in NSW when you buy:
- property, including your home or holiday home
- an investment property
- vacant land or a farming property
- commercial or industrial properties, or
- a business, which includes land
When is it paid?
Stamp duty is due within three months of signing a contract for sale or transfer, although different rules apply for off-the-plan purchases.
If you buy off-the-plan and intend to live in the property, you may be able to defer your stamp duty liability for up to 12 months, if required.
How is it calculated?
Stamp duty is calculated based on the price bracket the property falls into. Depending on your circumstances, you may qualify for a discount or an exemption.
Standard Stamp Duty Calculations from 1 February 2022
| Property value | Stamp duty rate |
|---|---|
| $0 to $14,000 | $1.25 for every $100 (the minimum is $10) |
| $14,000 to $31,000 | $175 plus $1.50 for every $100 over $14,000 |
| $31,000 to $83,000 | $430 plus $1.75 for every $100 over $31,000 |
| $83,000 to $313,000 | $1,340 plus $3.50 for every $100 over $83,000 |
| $313,000 to $1,043,000 | $9,390 plus $4.50 for every $100 over $313,000 |
| Over $1,043,000 | $42,240 plus $5.50 for every $100 over $1,043,000 |
Premium Stamp Duty Calculation from 1 February 2022
Property value Premium rate Over $3,131,000 $157,080 plus $7.00 for every $100 over $3,131,000
A premium rate also applies to residential properties above $3.13m million. If your property is above this threshold, but part of it is used for business, only the residential portion will be considered when applying the premium stamp duty threshold.
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