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Pay QLD transfer duty on residential property

QLD transfer duty progressive; foreign acquirer additional duty 8% (from 1 July 2024).

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Who must comply

Purchasers of QLD dutiable property.

What triggers it

Property acquisition / transfer.

When due

Within 30 days of settlement.

Evidence required

Lodged duty documents; settlement records.

Max penalty

Interest + penalty tax

Summary

Duties Act 2001 (Qld). Transfer duty progressive up to 5.75% above $1M. Foreign Acquirer Duty 8% (from 1 July 2024). First home concession + home concession for owner-occupiers.

Enforced by

Source legislation

Topics

taxdutiesstateqldresidential

Related obligations

Frequently asked questions

Who must comply with QLD transfer duty on residential property?
Purchasers of QLD dutiable property.
What triggers QLD transfer duty on residential property?
Property acquisition / transfer.
When is QLD transfer duty on residential property due?
Within 30 days of settlement.
What is the maximum penalty for QLD transfer duty on residential property?
Interest + penalty tax
What evidence is required for QLD transfer duty on residential property?
Lodged duty documents; settlement records.

Source: https://qro.qld.gov.au/duties/transfer-duty. Rules Mate is not a law firm. Always verify against the live regulator source before acting.