STAMP DUTY RESIDENTIAL CONCESSION RATE (s147).
If the property has a residence a concessional rate of stamp duty applies. This rate applies to principal places of residence (ie owner/occupier), rental homes and holiday homes.
| $0 to $120K | 1.9% of purchase price. |
| $120K to $150K | $2,280.00 + 2.85% on portion over $120K. |
| $150K to $360K | $3,135.00 + 3.8% on portion over $150K. |
| $360K to $725K | $11,115.00 + 4.75% on portion over $360K. |
| $725K plus | $28,453.00 + 5.15% on portion over $725K. |
Examples
| Purchase Price | Stamp Duty |
| $200K | $5,035.00 |
| $300K | $8,835.00 |
| $360K | $11,115.00 |
| $400K | $13,015.00 |
| $500K | $17,765.00 |
| $600K | $22,515.00 |
| $725K | $28,452.50 |
| $800K | $32,315.50 |
| $900K | $37,465.50 |
| To calculate exact stamp duty go Office of State Revenue website at www.dtf.wa.gov.au and click on "duties ready reckoner". | |