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Home transfer duty concession rates

When you have land in Queensland transferred to you that you’ll use as your home, you may be able to claim a concession that reduces the amount of duty you have to pay.

When you claim a transfer duty concession for land you’ll use as your home, you apply the concession rate to the dutiable value of the property.

Below are the rates for the home, first home and first home vacant land concessions. (The transfer duty rates apply if you’re not eligible for a concession or exemption.)

Additional duty of 3% applies to acquisitions of residential land by foreign persons (including companies and trusts) from 1 October 2016. Find out more about the additional foreign acquirer duty.

Note: To calculate the first home concession, you first use the home concession rate and then subtract the first home concession amount.

You can also use our:

Home concession

The home concession was not available from 1 August 2011 to 30 June 2012.

Purchase price/value Duty rate
Not more than $350,000 $1.00 for each $100 or part of $100
More than $350,000 to $540,000         $3,500 + $3.50 for every $100, or part of $100, over $350,000
$540,000 to $1,000,000 $10,150 + $4.50 for every $100, or part of $100, over $540,000
More than $1,000,000 $30,850 + $5.75 for every $100, or part of $100, over $1,000,000

First home concession

Duty is calculated at the home concession rate minus the additional concession amount below.

Purchase price/value Concession (deduct this amount from the amount calculated using the home concession rate)
Up to $504,999.99 $8,750
$505,000 to $509,999.99         $7,875
$510,000 to $514,999.99 $7,000
$515,000 to $519,999.99 $6,125
$520,000 to $524,999.99 $5,250
$525,000 to $529,999.99 $4,375
$530,000 to $534,999.99 $3,500
$535,000 to $539,999.99 $2,625
$540,000 to $544,999.99 $1,750
$545,000 to $549,999.99 $875
$550,000 or more Nil

Example

You sign an agreement to buy a house in Queensland that will be your first home. The amount you agree to pay is $465,000. You will occupy the home immediately after settlement, so you claim a first home concession for the transfer duty.

Because the value of the home is within the $350,000 to $540,000 range of the home concession rate, duty is first assessed at $3,500 plus $3.50 for each $100, or part of $100, over $350,000. The first home concession amount is then subtracted from the result.

This is how the duty is calculated:

$3,500 (for the first $350,000)
+ $4,025 ($3.50 for every $100 in $115,000, the balance above $350,000)
= $7,525 (the transfer duty using the home concession rate)
- $8,750 (the first home concession amount for homes valued less than $504,999.99)
= $0 (no transfer duty is payable when a first home concession is claimed on a home valued $500,000 or less)

First home vacant land concession

Duty is calculated at the transfer duty rate minus the additional concession amount below.

Dutiable value of the first home vacant land        Concession (deduct this amount from the transfer duty rate)
Not more than $250,000 100% of transfer duty
More than $250,000 to $259,999.99 $7,175
$260,000 to $269,999.99 $6,700
$270,000 to $279,999.99 $6,225
$280,000 to $289,999.99 $5,750
$290,000 to $299,999.99 $5,275
$300,000 to $309,999.99 $4,800
$310,000 to $319,999.99 $4,325
$320,000 to $329,999.99 $3,850
$330,000 to $339,999.99 $3,375
$340,000 to $349,999.99 $2,900
$350,000 to $359,999.99 $2,425
$360,000 to $369,999.99 $1,950
$370,000 to $379,999.99 $1,475
$380,000 to $389,999.99 $1,000
$390,000 to $399,999.99 $525
$400,000 or more No concession

Transfer duty calculator

Use our calculator to find out how much transfer duty you may have to pay. It can also calculate the duty you paid on a transaction where previous rates were used.

Contact

For transfer duty enquiries:

  • call 1300 300 734 (Australia) or
    +61 7 3227 6044 (overseas)
  • send an email using our online enquiry form.
Licence
Creative Commons Attribution 3.0 Australia (CC BY 3.0)
Last updated:
27 September 2016
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