Pay NSW transfer duty on residential property acquisitions
Variable transfer duty rates; foreign purchaser additional duty 9%.
Who must comply
Purchasers of NSW dutiable property.
What triggers it
Acquisition / transfer of dutiable property.
When due
Within 3 months of transaction (processed via conveyancer typically).
Evidence required
Stamped documents via Revenue NSW e-Duties.
Max penalty
Interest + penalty tax; potential rescission of transaction
Summary
Duties Act 1997 (NSW). Standard transfer duty rates scale up to 5.5% for residential >$3.721M (2025-26 premium threshold). Foreign purchaser additional duty: 9%. First Home Buyer concessions for owner-occupied dwellings under threshold (currently $800K full / $1M partial).
Enforced by
Source legislation
Topics
Related obligations
- NSWPay NSW land taxNSW land tax applies on aggregated unimproved land value above $1.075M general threshold (2026).
- VICPay Victorian stamp duty on residential propertyVariable rates by purchase price; foreign purchaser surcharge 8%. PPR concession available.
- QLDPay QLD transfer duty on residential propertyQLD transfer duty progressive; foreign acquirer additional duty 8% (from 1 July 2024).
- NSWPay NSW payroll tax when threshold metNSW: 5.45% rate on Australian wages above the $1.2M tax-free threshold (FY26).
- QLDPay Queensland payroll tax when threshold metQLD: 4.75% rate on Australian wages above the $1.3M tax-free threshold (FY26).
- VICPay Victorian payroll tax when threshold metVIC: 4.85% rate on Australian wages above the $1,000,000 tax-free threshold (from 1 July 2025).
Frequently asked questions
- Who must comply with NSW transfer duty on residential property acquisitions?
- Purchasers of NSW dutiable property.
- What triggers NSW transfer duty on residential property acquisitions?
- Acquisition / transfer of dutiable property.
- When is NSW transfer duty on residential property acquisitions due?
- Within 3 months of transaction (processed via conveyancer typically).
- What is the maximum penalty for NSW transfer duty on residential property acquisitions?
- Interest + penalty tax; potential rescission of transaction
- What evidence is required for NSW transfer duty on residential property acquisitions?
- Stamped documents via Revenue NSW e-Duties.
Source: https://revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty. Rules Mate is not a law firm. Always verify against the live regulator source before acting.