Transfer duty applies to most property transactions in Queensland. The amount payable depends on factors such as the type of purchaser and whether the buyer qualifies for any exemptions or concessions.

For an estimate of transfer duty, refer to the Queensland Government transfer duty calculator.

Key points about transfer duty in Queensland

• Payment timeline: Transfer duty is typically payable within 30 days of the liability arising, which is usually the contract date or when the contract becomes unconditional, subject to the Duties Act 2001 (Qld)
• Additional fees: Registration fees and other government charges may also apply and vary depending on the transaction
• Commercial property: Transfer duty is generally calculated on the dutiable value of the transaction, which may include GST where applicable

Responsibilities and penalties

While transfer duty is usually paid by the buyer, both parties to a transaction may have obligations under the Duties Act 2001 (Qld). If duty is not paid, interest and penalties may apply, and failure to comply with lodgement requirements can constitute an offence.

Our service scope

Please note that we generally do not stamp contracts or agreements for transactions where we have not acted. As registered self-assessors, we have obligations to the Office of State Revenue, including record-keeping and audit requirements. Due to these obligations, we only assess and lodge duty where we have been properly instructed in relation to the transaction. Accordingly, we do not accept instructions solely for stamping purposes.

For advice on transfer duty and property transactions, contact QBM Lawyers.