Stamp duty is a general tax imposed upon certain documents and some undocumented acquisitions. These include title transfers as a result of selling real estate, vehicles, business assets and other property; gifts; insurance policies and mortgages, and is paid by the purchaser or borrower. Revenue raised is then used to fund public services including:
• education;
• health;
• law and order; and
• public safety.

Stamp duty concessions

In the case of residential or business property transfers, stamp duty can be charged at a concessional rate. Certain prerequisites must be met before the concessional rate is approved such as property value, property type and occupancy requirements. To find out which concessions are available in your state contact the Office of State Revenue.
How much stamp duty do I have to pay?
Stamp duty varies from state to state. The following information is current as at July 2006 and does not take into account any concessions that may be available.
As can be seen, stamp duty can add significantly to the purchase price of a property so it's vital that you take this into account when you're looking to buy your new home.

Download Stamp Duty Table 19.86 Kb