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Duties in Queensland
Duties are taxes on certain transactions identified in the Duties Act 2001.
View the current tax rates for transfer, insurance, vehicle registration, corporate trustee and landholder duty.
View the Commissioner’s rulings relating to the Duties Act.
Frequently asked questions
- Who is liable to pay transfer duty?
All parties to a transaction are liable to pay transfer duty. In most cases, this duty is paid by the purchaser.
If duty is not paid by the due date, we will issue a final demand to the party who received the assessment notice. If the duty remains unpaid, we will inform all parties to the transaction that duty must be paid. We may also bring legal proceedings against all parties to recover the debt.
- Do I have to pay duty when I buy a boat?
If the boat is sold by itself, it is not subject to duty.
If the boat is sold as part of a package that includes other property on which duty is payable, such as a fishing business, it may be subject to duty.
See sections 29 and 37(3) of the Duties Act 2001.
- Will I pay duty on the purchase of newly granted 'off the plan' management rights?
No. The grant of new management rights is not considered to be a 'new right' for the purposes of section 9(1)(f) of the Duties Act 2001. Any interest in land acquired with the rights will be dutiable as well as any subsequent purchase or transfer of the management rights.
- If a dutiable property is transferred from a partnership to a company whose shareholders are the partners, is duty still payable?
Yes, the transaction is still a dutiable transaction.
- When determining land value, is an easement or an electricity encumbrance on land (voltage lines) considered an encumbrance?
No. For the purposes of duties, these are not encumbrances and are taken into account when determining the value of the land. See sections 11(7) and 14(1) of the Duties Act 2001.