As an Australian investor looking for investment properties, it’s important to be aware of the stamp duty that may be payable on your purchase. Depending on the state or territory in which the property is located, the amount of stamp duty payable will vary.
Stamp duty is a tax on the transfer of property in Australia. It is levied by the state and territory governments on behalf of the federal government. The amount of duty payable depends on the value of the property, the type of property and the jurisdiction in which the property is located.
Use our stamp duty calculator to understand the amount of tax you will need to pay when you buy your next property.
If you are an investor looking for investment properties, stamp duty is an important factor to consider. This is because the amount of stamp duty that is payable can have a significant impact on the overall profitability of an investment.
While stamp duty can be a significant cost, there are a number of ways to reduce the amount you pay. For example, some home buyers are eligible for a stamp duty concession which can reduce the amount of duty payable or even waive it.
To find out if you’re eligible for any stamp duty concessions, speak to your accountant or financial advisor.
While stamp duty is a major cost associated with purchasing an investment property, it is important to remember that it is also a tax that can be offset against any capital gains that may be made on the sale of the property in the future.
This means that, over the long-term, the effect of stamp duty on the overall profitability of an investment property may be less than initially thought.