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Stamp Duty on Investment Property

Stamp duty is a state based tax, charged on the purchase of a new property and is determined by the purchase price of the property.

First home buyers who plan to reside in the property, may be exempt from stamp duty or receive a concession.

Unfortunately there is no concession for property investors or for those upgrading homes, even if it is an investment.

Stamp duty can be a significant upfront cost in the purchase of a property. It also cannot be claimed as an expense. However, it is included as a cost of purchasing a property when calculating capital gains tax.

The easiest way to calculate how much stamp duty you will need to pay when you purchase a property is with the use or our stamp duty calculator.

In most states, stamp duty on mortgages has been removed.

For more information call 136 126 today or ask us a question online.