To use the transfer duty calculator to work out how much you have to pay, there are certain fields you need to complete. The calculator has multiple input fields because it needs to account for a range of variables that can be part of dutiable transactions.
We explain below what information is needed to complete each field of the calculator.
Once you have entered data in the relevant fields, click Calculate to perform the calculation. You can also click Clear to remove the data from all fields, or Report to see more detailed information about how the duty and any UTI were calculated.
If you just want an estimate of how much transfer duty you could pay, you can use the transfer duty estimator.
Nature of interest
If you have more than one person making a similar type of claim (i.e. first home, home or no concession claimed), you must add their individual interests together and enter the sum as a fraction.
Example: Dave and Debbie are buying their first home. Debbie will own 3/4 of the property and Dave will own 1/4. Together, they will own 100% of the property. ‘1’ should be entered in the First home field as the nature of interest.
These fractions must represent the interest acquired in the entire property.
Example: Steve and Sarah jointly acquire a half interest in a property that will be their home. This means that they are each acquiring a one-quarter interest in the entire property (so their fractions will be one quarter each, which will total one half). ‘1/2’ should be entered in the Home field as the nature of interest.
Multiple types of claims can be entered.
Example: Patricia and Paul are buying a home with the help of Patricia’s mother, Pamela. Pamela will not be living in the home. Patricia and Paul will own half of the property, and Pamela will own the other half. ‘1/2’ should be entered in the Home field and ‘1/2’ should be entered in the No concession claimed field.
If the entire property is being acquired, then the sum of all fractions entered must equal ‘1’.
This information should be entered on the applicable concession form (i.e. Form D2.1 or D2.7) when claiming a concession for a transaction. To be eligible for a home, first home or first home vacant land concession, you must meet the occupancy requirements—find out more about concessions for homes.
Example: John is buying half of his sister Johanna’s property for $220,000, and is not claiming a concession. Because they are related, John has the property valued by a real estate agent. The property is valued at $550,000. Even though John is only acquiring a half interest, and is only paying $220,000 for the property, he must enter $550,000 in the unencumbered value of entire property field. Duty will be calculated on the half interest, as long as ‘1/2’ is entered in the No concession field.
Additional Foreign Acquirer Duty (AFAD)
Select Yes if there is an acquisition of residential land by a foreigner acquirer from 1 October 2016; if not, leave No selected.
An AFAD can be a:
AFAD is imposed only on the foreign acquirer’s interest in the land. For example, if a foreign acquirer buys property with two non-foreign parties in equal interests, AFAD will be imposed on the dutiable value of the foreign acquirer’s one-third interest in the land.
Learn more about additional foreign acquirer duty.