Rates and thresholds
How duty is calculated
| Dutiable value of the dutiable property subject to the dutiable transaction | Rate of duty |
|---|---|
$0 - $14,000 | $1.25 for every $100 or part of the dutiable value |
$14,001 - $30,000 | $175 plus $1.50 for every $100 or part , by which the dutiable value exceeds $14,000 |
$30,001 - $80,000 | $415 plus $1.75 for every $100 or part, by which the dutiable value exceeds $30,000 |
$80,001 - $300,000 | $1,290 plus $3.50 for every $100 or part, by which the dutiable value exceeds $80,000 |
$300,001 - $1m | $8,990 plus $4.50 for every $100 or part, by which the dutiable value exceeds $300,000 |
over $1m | $40,490 plus $5.50 for every $100 or part, by which the dutiable value exceeds $1,000,000 |
over $3m | $150,490 plus $7.00 for every $100 or part, by which the dutiable value of the residential property exceeds $3,000,000. |
Transactions that attract the general rate of duty
A transfer of dutiable property and an agreement for the sale or transfer of dutiable property.
For more information on the assessment of duty over land and improvements, refer to revenue ruling DUT018
More information
