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Transfer duty is calculated on the dutiable value of a transaction. Generally, this is the greater of the consideration paid for, or the unencumbered value of, the property acquired.
Transfer
| Dutiable value | Duty rate |
|---|---|
| Up to $5,000 | Nil |
| $5,000 to $75,000 | $1.50 for each $100, or part of $100, by which the dutiable value is more than $5,000 |
| $75,000 to $540,000 | $1,050 plus $3.50 for each $100, or part of $100, by which the dutiable value is more than $75,000 |
| $540,000 to $980,000 | $17,325 plus $4.50 for each $100, or part of $100, by which the dutiable value is more than $540,000 |
| More than $980,000 | $37,125 plus $5.25 for each $100, or part of $100, by which the dutiable value is more than $980,000 |
Please see Mortgage tab for duty rates on transfers of mortgages.
Land rich & corporate trustee
Land rich duty rates from 1 July 2008 to 30 June 2011.
Landholder duty rates from 1 July 2011 to 31 July 2011.
| Dutiable value | Duty rate |
|---|---|
| Up to $5,000 | Nil |
| $5,000 to $75,000 | $1.50 for each $100, or part of $100, by which the dutiable value is more than $5,000 |
| $75,000 to $540,000 | $1,050 plus $3.50 for each $100, or part of $100, by which the dutiable value is more than $75,000 |
| $540,000 to $980,000 | $17,325 plus $4.50 for each $100, or part of $100, by which the dutiable value is more than $540,000 |
| More than $980,000 | $37,125 plus $5.25 for each $100, or part of $100, by which the dutiable value is more than $980,000 |
Insurance
Compulsory third party (CTP) insurance—10c.
Accident insurance—5% of the net premium.
General insurance:
- Class 1 general insurance—7.5% of the premium paid
- Class 2 general insurance—5% of the premium paid.
Class 1 general insurance is general insurance other than CTP or Class 2 general insurance.
Class 2 general insurance is general insurance for, or relating to, professional indemnity, a motor vehicle (other than CTP insurance), a first home mortgage, a life insurance rider or personal injury relating to aircraft travel.
Life insurance:
- on a contract of temporary or term life insurance—5% of the first year's premium
- on another contract of life insurance
- for a sum insured up to $2000—0.05% of the sum insured
- for a sum insured over $2000
- 0.05% of the first $2000
and
- 0.1% of the balance of the sum insured.
- 0.05% of the first $2000
Vehicle registration
Special vehicles—$25.
All other vehicles
| Type of vehicle | Amount of duty for each $100, or part of $100, of the vehicle's dutiable value |
|---|---|
|
$2.00 |
|
$3.00 |
|
$3.50 |
|
$4.00 |
For a vehicle not previously registered, the dutiable value is the total of the vehicle's list price and list prices of all items of optional equipment not included in the list price.
For a vehicle previously registered, or a vehicle with no list price, the dutiable value is the greater of either the market value or the total consideration payable for the vehicle.
Mortgage
Duty is $5 for a transaction that is the transfer, or agreement for transfer, of an existing right of a holder in:
- a mortgage solely over land in Queensland
or
- another mortgage that is incidental to, and transferred in connection with (1) above, where that mortgage is a principal security.
Mortgage duty was abolished in Queensland on 1 July 2008. Below are the previous rates. These rates apply only to transactions made before 1 July 2008.
The rate is 40c for each $100, or part of $100, of the amount secured by the mortgage. From 1 January 2008, the rate is 20c for each $100, or part of $100, of the amount secured.