Non-commercial transfer duty

From 7 June 2017 - New Non-Commercial Transfer duty rate for Conveyances

Description

From 7 June 2017, a new duty rate applies to Non-commercial property transactions - where the property, the subject of a dutiable transaction is used or will be used for residential or rural purposes.

New duty rate

Value of Non-Commercial Property

Duty Payable

up to $200,000$20 or $1.40 per $100 or part thereof, whichever is greater
$200,001 to $300,000$2,800 plus $2.40 per $100 or part thereof by which the value exceeds $200,000
$300,001 to $500,000$5,200 plus $3.80 per $100 or part thereof by which the value exceeds $300,000
$500,001 to $750,000$12,800 plus $4.78 per $100 or part thereof by which the value exceeds $500,000
$750,001 to $1,000,000$24,750 plus $6.30 per $100 or part thereof by which the value exceeds $750,000
$1,000,001 to $1,454,999$40,500 plus $6.80 per $100 or part thereof by which the value exceeds $1,000,000
$1,455,000 and overA flat rate of $4.91 per $100 applied to the total transaction value

Making a Declaration

For property transferred from 7 June 2017 use the Conveyance Lodgement form

Every person who has, or will acquire an interest in the property following the transfer must complete the form and sign the Declaration.

The form must be:

  • received by the Access Canberra Dickson Shopfront on behalf of the Commissioner for ACT Revenue (the Commissioner); or
  • mailed to the ACT Revenue Office at PO Box 293, Civic Square ACT 2608.

Time limit

All Conveyance Lodgement forms must be received by the Commissioner by the date the duty must be paid. That is, within:

  • 90 days after the transaction date; or
  • for an off the plan purchase agreement – within the time that duty is payable for the agreement. This is 14 days after the first of the events mentioned in section 16A (1) of the Duties Act 1999 or a maximum time of 1 year and 14 days after the transaction date.

Processing time

To enable these transactions to be processed efficiently, please submit complete the Conveyance Lodgement form together with all supporting documents when you lodge documents for duty payment. Incomplete forms will delay processing time.

Relevant links

  • Conveyance Lodgement form AF2017-138 (external site)
  • Taxation Administration (Amounts Payable – Duty) Determination 2017 (No 1) – DI2017-79 (external site)
  • Non-commercial Transfer rate - Calculator