All land transfers in New South Wales will be subject to an ad
valorem Land Transfer Charge from 1 July 2010, following an
announcement by the NSW Government and the partial assent of the
State Revenue Legislation Amendment Bill 2010
The Land Transfer Charge will be levied as an ad valorem tax on
the purchaser (based on the purchase price paid by a purchaser) and
payable at the time a transfer document is lodged for registration
with Land & Property Information (a division of the Land &
Property Management Authority, previously known as Department of
When will the Land Transfer Charge commence?
The Land Transfer Charge will apply to all transfers of land
lodged for registration with Land & Property Information on or
after 1 July 2010.
Who does the Land Transfer Charge apply to and does it replace
The Land Transfer Charge will apply to residential and
commercial properties purchased and will be payable by the
purchaser in addition to existing stamp duty obligations.
However, the Land Transfer Charge will not
apply to transfers that relate to a Contract for Sale or other
agreement entered into before 1 July 2010 which are lodged after 1
July 2010 (or the date of commencement of the amendments to the
Real Property Act 1900, whichever is later).
The rates for the Land Transfer Charge will be:
Land Transfer Charge
Less than $500,000
The standard flat fee applies
(currently $190, but increasing to $194 on 1 July 2010)
Greater than $500,000 but less than $1million
$4.00 (Torrens assurance levy) plus
0.2% of the purchase price over $500,000
$1,004 plus 0.25% of the purchase price over $1 million
Note: All levies are to be rounded down to the nearest
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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