Stamp duty is a tax imposed on written documents that record or affects certain types of financial or legal transactions.

Stamp Duty is chargeable on documents or statements if they are either:

• Signed or executed in Queensland; or
• Signed or executed outside Queensland but relating to property situated in Queensland or some act, matter or thing to be done is Queensland

State Government’s charge the buyer stamp duty when they purchase property- the percentage scale will vary according to the amount of the sale price and whether or not the buyer intends to live in the property or rent it out as an investment. Depending on the nature of the transaction, certain concessions and exemptions are available.

Your solicitor will obtain the appropriate rate. The buyer pays the solicitor the amount payable who then arranges payment to the Government authority.

For more information about Stamp Duty visit www.osr.qld.gov.au

Last updated 2/3/04

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