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Aggregation of Transfer Duty

Aggregation of Transfer Duty

Q:    Is there any impact of the amount of duty payable by a Buyer where a buyer buys more than one property?

A:    Yes. In Queensland the amount of transfer duty payable increases with the increase in the amount of the purchase price.  If it can be shown that multiple purchases of property together form what is substantially ‘one arrangement’ then the transactions must be added together and stamp duty paid on the total value.

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We are here to help. Please contact our office should you require any assistance. See also: OWNit Conveyancing frequently asked questions.

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To learn more about when the owner of a property has passed away, contact OWNit Conveyancing on 1300 553 750.