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
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.