Conveyancing Tips – Buying NSW Property – Calculating Stamp Duty

Conveyancing Parramatta – Using the OSR website to calculate stamp duty

In NSW, buying property normally attracts stamp duty. Whether you are a first home buyer or an experienced property investor, understanding your stamp duty liability will assist you to better budget for transaction costs on your intended purchase. Fortunately, the Office of State Revenue website provides clear information regarding stamp duty in New South Wales as well as easy to use stamp duty calculators dealing with different transactions.

Stamp duty is generally calculated according to the purchase price of the property and must be paid within 3 months of the contract date – subject to the date and nature of your transaction, and whether you are entitled to exemptions or concessions on stamp duty.

As part of our fixed fee conveyancing services, we assess and advise you on your stamp duty liability plus assist you with any application for exemptions and concessions for stamp duty.

Look out for our other articles on conveyancing and property transaction in New South Wales. We are property lawyers in Parramatta providing fixed fee conveyancing services and updates in property law.