Duties Fact Sheet - Residential Land

Upon application, an eligible transaction involving residential land will be charged with transfer duty at the applicable rate as set out in the Duties Act. The rates apply to property used as a residence or land on which a residence is constructed within five years of the date on which liability to duty on the transaction arose.

Properties that are only partly used as a residence, for example, a restaurant with a residence above it, will also qualify for the residential rate of duty.

First home buyers should refer to the first home owner rate of duty fact sheet to identify if their transaction qualifies for the first home owner rate of duty.

Foreign transfer duty is chargeable on acquisitions of residential property by foreign persons.