Uploaded on Aug 24, 2023
Victorians confront a significant initial hurdle to the real estate market because their state has some of the highest stamp duty rates in the nation. Real more-https://thecompanyre.com.au/what-you-should-know-about-victorias-stamp-duty/
WHAT YOU SHOULD KNOW ABOUT VICTORIA’S STAMP DUTY
WHAT YOU
SHOULD
KNOW ABOUT
VICTORIA’S
STAMP DUTY
Victorians confront a
significant initial hurdle
to the real estate market
because their state has
some of the highest
stamp duty rates in the
nation.
DESCRIBE
STAMP DUTY
When you purchase or
receive a property, the
state of Victoria levies a
tax known as stamp duty,
or land transfer duty.
HOW MUCH STAMP
DUTY IS CHARGED IN
VICTORIA, AND HOW
IS IT DETERMINED?
The amount of land transfer
duty you must pay is
determined using a sliding
scale. This is based on the
dutiable value of your
property.
WHAT DOES
DUTIABLE
VALUE MEAN
A property’s dutiable value
is the higher of the price
you paid for it or its
market value. This implies
that stamp duty will still be
due by anyone who
received a property as a
gift, acquired it through a
trust, or purchased it for a
large discount.
Who in Victoria
Free From Paying
These include
Stamp Duty? a first-time homeowner, acquiring a
residence, a retiree, shopping off-
the-cuff.
Contact Us
•Suite 1, 1 Cook Drive,
Pakenham Vic 3810
•[email protected]
.au
•03 5918 4315
•Content Resource
https://thecompanyre.com.au/w
hat-you-should-know-about-vict
orias-stamp-duty/
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