Qld Transfer Duty

First Home Owner Grant

• $30,000 for new homes (extended to June 2025)
• Must be new or substantially renovated
• Property value under $750,000

Eligibility

• Australian citizen or permanent resident
• At least 18 years old
• Never owned property in Australia
• Live in property within 1 year
• Live there for at least 6 continuous months

Home Concession (Non-First Home)

For home buyers (not first home):

• Up to $350,000: Reduced rates apply
• Sliding scale up to $645,000
• Must be principal place of residence

Foreign Buyer Surcharge

• Additional 7% for foreign purchasers
• Applies on top of standard duty
• FIRB approval also required

Quick Calculations

Example 1: First home buyer $500,000

• First home concession applies
• Duty: $0 (under $550,000 threshold)

Example 2: Investment property $600,000

• $17,325 + ($600,000 - $540,000) × 4.5%
• $17,325 + $2,700 = $20,025

Example 3: $800,000 home (not first home)

• $17,325 + ($800,000 - $540,000) × 4.5%
• $17,325 + $11,700 = $29,025

When Duty is Due

• Within 30 days of settlement
• Electronic lodgement via OSR
• Late payment incurs penalty tax

Off-the-Plan Concessions

• Duty on land value only at contract date
• Building component not included
• Must settle within 3 years

Exemptions

• Transfers between spouses/de factos (main residence)
• Deceased estates to beneficiaries
• Family farm transfers
• Corporate reconstructions (conditions apply)

Resources

• Queensland Revenue Office: qro.qld.gov.au
• Duty calculator: qro.qld.gov.au/calculators
• First home owner grant: qld.gov.au/housing