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 >$3.2M. 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
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.