Transfer duty rates
See the home concession rates if you’re claiming a home, first home or first home vacant land concession.
Not more than $5,000
More than $5,000 up to $75,000
$1.50 for each $100, or part of $100, over $5,000
$75,000 to $540,000
$1,050 plus $3.50 for each $100, or part of $100, over $75,000
$540,000 to $1,000,000
$17,325 plus $4.50 for each $100, or part of $100, over $540,000
More than $1,000,000
$38,025 plus $5.75 for each $100, or part of $100, over $1,000,000
Additional duty of 7% applies to acquisitions of residential land by foreign persons (including companies and trusts). Find out more about the additional foreign acquirer duty.
You sign an agreement to buy a house with a dutiable value of $365,400. The house will be an investment property, so you don’t qualify for a home concession.
As the value is within the $75,000 to $540,000 range, duty is assessed at $1,050 plus $3.50 for each $100, or part of $100, over $75,000.
This is how the duty is calculated:
$1,050 (for the first $75,000)
+ $10,164 ($3.50 for every $100 in $290,400, the balance above $75,000)
= $11,214 (the transfer duty payable)
Mortgage duty was abolished in Queensland on 1 July 2008. However, transfer duty still applies to transfers of a mortgage. You pay $5 duty if you transfer, or agree to transfer, a mortgage solely over land in Queensland.