GST liability
Duty on an Agreement for Sale of Land is payable on the dutiable value of the dutiable property agreed to be sold or transferred.
The dutiable value is the greater of:
the consideration (normally the purchase price) paid for the property, and
the unencumbered value (market value) of the property.
For the purposes of calculating duty, the consideration is the Goods and Services Tax (GST) inclusive price.
If the contract does not state that the consideration is GST inclusive, and the purchaser is required to pay an amount of GST under the contract, Form ODA 017 must be completed disclosing the GST amount.
The form must be either:
lodged at OSR with your application for stamping, or
retained with your records if you are a registered Electronic Duties Return (EDR) client.
For more information on Goods and Services Tax (GST) visit the Australian Tax Office website.
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