Land and improvements

Description

People who purchase property (houses, land, land and improvements or commercial premises) located in the ACT must pay duty on that purchase.

Duty amount

Duty is calculated on the greater of the purchase price or the market value of the property.

Where a purchaser buys a property which already has a building on it, duty is payable on the combined value of the house and land (the house is affixed to the land and forms part of it).  Where a purchaser buys land that does not currently have a house on it, but the seller will build a house on the land prior to settlement as part of the contract (eg a house and land package or off-the-plan property), duty is also payable on the value of the combined house and land.  Where the purchaser buys land in one contract, and in a separate contract arranges for a house to be built on the land, duty is payable on the land contract only.

The rates of duty and thresholds changed on 8 June 2016.  The rates and thresholds that apply depend on the transaction date.

The transaction date is the date of grant, transfer, or agreement for transfer (whichever is first). This is the date of first execution of an agreement or transfer, not the settlement date.

Transaction dates from 8 June 2016 to current

Value of Property

Duty Payable - transaction dates from 8 June 2016 to current

up to $200,000$20 or $1.48 per $100 or part thereof, whichever is greater
$200,001 to $300,000$2,960 plus $2.50 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$5,460 plus $4.00 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$13,460 plus $5.00 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$25,960 plus $6.50 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,454,999$42,210 plus $7.00 per $100 or part thereof by which the value exceeds $1,000,000
$1,455,000 and overA flat rate of $5.09 per $100 applied to the total transaction value

Transaction dates from 3 June 2015 to 7 June 2016

Value of Property

Duty Payable - transaction dates from 3 June 2015

up to $200,000$20 or $1.80 per $100 or part thereof, whichever is greater
$200,001 to $300,000$3,600 plus $3.00 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$6,600 plus $4.00 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$14,600 plus $5.00 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$27,100 plus $6.50 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,454,999$43,350 plus $7.00 per $100 or part thereof by which the value exceeds $1,000,000
$1,455,000 and overA flat rate of $5.17 per $100 applied to the total transaction value

Transaction dates from 4 June 2014 to 2 June 2015

Value of Property

Duty Payable - transaction dates from 4 June 2014 to 2 June 2015

up to $200,000$20 or $2.00 per $100 or part thereof, whichever is greater
$200,001 to $300,000$4,000 plus $3.50 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$7,500 plus $4.15 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$15,800 plus $5.00 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$28,300 plus $6.50 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,454,999$44,550 plus $7.00 per $100 or part thereof by which the value exceeds $1,000,000
$1,455,000 and overA flat rate of $5.25 per $100 applied to the total transaction value

Transaction dates from 5 June 2013 to 3 June 2014

Value of Property

Duty Payable - transaction dates from 5 June 2013 to 3 June 2014

up to $200,000$20 or $2.20 per $100 or part thereof, whichever is greater
$200,001 to $300,000$4,400 plus $3.70 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$8,100 plus $4.50 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$17,100 plus $5.00 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$29,600 plus $6.50 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,650,000$45,850 plus $7.00 per $100 or part thereof by which the value exceeds $1,000,000
$1,650,001 and overA flat rate of $5.50 per $100 applied to the total transaction value

Transaction dates from 6 June 2012 to 4 June 2013

Value of Property

Duty Payable - transaction dates from 6 June 2012 to 4 June 2013

up to $200,000$20 or $2.40 per $100 or part thereof, whichever is greater
$200,001 to $300,000$4,800 plus $3.75 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$8,550 plus $4.75 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$18,050 plus $5.50 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$31,800 plus $6.50 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 and over$48,050 plus $7.25 per $100 or part thereof by which the value exceeds $1,000,000

Transaction dates from 1 July 2002 to 5 June 2012

Value of Property

Duty Payable - transactions dates from 1 July 2002 to 5 June 2012

up to $100,000$20 or $2.00 per $100 or part thereof, whichever is greater
$100,001 to $200,000$2,000 plus $3.50 per $100 or part thereof by which the value exceeds $100,000
$200,001 to $300,000$5,500 plus $4.00 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$9,500 plus $5.50 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $1,000,000$20,500 plus $5.75 per $100 or part thereof by which the value exceeds $500,000
$1,000,001 and over$49,250 plus $6.75 per $100 or part thereof by which the value exceeds $1,000,000

If you are purchasing a home and/or land you may be eligible for Home buyer assistance.

Other forms of assistance for eligible purchasers include:

Compliance obligations/requirements

Purchasers or their legal representative are required to lodge the contract for the purchase of the property and pay the duty within 90 days of the liability arising, e.g. execution (signing) of the contract.  You should be aware that giving false or misleading information is a serious offence.  Compliance activities include:

  • checking assessment information;
  • checking dutiable values (the higher of the consideration or the market value);
  • checking GST components and the cost of off-site works;
  • reviewing off-the-plan property sales for the treatment of improvements;
  • identifying transactions liable to aggregation;
  • checking exemptions and concessions (e.g. corporate reconstructions)
  • reviewing high value transfers;  and
  • checking complex transactions (trusts, commercial leases, partnership acquisitions, certain goods, options to purchase land, and certain land use entitlements).

Further information is available at Compliance, Investigations and Awareness.

Documents required on lodgement

A completed Conveyance Lodgment Form and the contract for the purchase of the property containing the vendor's (selling party) signature or both signatures is required.  You may also lodge the Memorandum of Transfer with the purchaser's (buying party) signature at the same time or any time prior to settlement.

NOTE: Your contract and a Memorandum of Transfer must be stamped by the ACT Revenue Office before the Registrar of Land Titles will place your name on the title of the property.

Easy Lodge Scheme 

Easy Lodge allows for payment and franking of documents at the ACT Revenue Office without waiting for an assessment to be issued. The scheme is restricted to approved clients and is limited to simple transactions for:

  • residential land only (RLA);  or
  • residential land and improvements (RLI). 

Further details about Easy Lodge is provided in the Easy Lodge Information Sheet.  If you wish to use Easy Lodge you must register using the Easy Lodge Registration Form and your registration must be approved.  Each Easy Lodge transaction must be accompanied by a completed Easy Lodge Form (rather than the usual Conveyance Lodgment Form).

Relevant links