Pay Victorian stamp duty on residential property
Variable rates by purchase price; foreign purchaser surcharge 8%. PPR concession available.
Who must comply
Purchasers of Victorian dutiable property.
What triggers it
Acquisition or transfer of property.
When due
Within 30 days of settlement (typically processed by conveyancer).
Evidence required
Lodged duties documents via Duties Online; settlement statement.
Max penalty
Interest + penalty tax + voiding of transaction in extreme cases
Summary
Duties Act 2000 (Vic). General rate scales from 1.4% to 6.5% on purchase price. Foreign purchaser additional duty 8%. PPR concession reduces duty for owner-occupiers up to $550K. First home buyer concession (off-the-plan and existing thresholds vary).
Enforced by
Source legislation
Topics
Related obligations
- QLDPay QLD transfer duty on residential propertyQLD transfer duty progressive; foreign acquirer additional duty 8% (from 1 July 2024).
- VICPay Victorian land tax (including absentee owner surcharge)VIC land tax applies on aggregated taxable value above $50K (general) / $25K (trust); absentee owner +4% surcharge.
- NSWPay NSW transfer duty on residential property acquisitionsVariable transfer duty rates; foreign purchaser additional duty 9%.
- 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).
- QLDPay Queensland payroll tax when threshold metQLD: 4.75% rate on Australian wages above the $1.3M tax-free threshold (FY26).
- NSWPay NSW payroll tax when threshold metNSW: 5.45% rate on Australian wages above the $1.2M tax-free threshold (FY26).
Frequently asked questions
- Who must comply with Victorian stamp duty on residential property?
- Purchasers of Victorian dutiable property.
- What triggers Victorian stamp duty on residential property?
- Acquisition or transfer of property.
- When is Victorian stamp duty on residential property due?
- Within 30 days of settlement (typically processed by conveyancer).
- What is the maximum penalty for Victorian stamp duty on residential property?
- Interest + penalty tax + voiding of transaction in extreme cases
- What evidence is required for Victorian stamp duty on residential property?
- Lodged duties documents via Duties Online; settlement statement.
Source: https://sro.vic.gov.au/land-transfer-stamp-duty. Rules Mate is not a law firm. Always verify against the live regulator source before acting.