Transfer Duty and Capital Gains Taxation

Transfer Duty Valuations

‘Transfer Duty (formerly known as Stamp Duty) is a State Government Tax payable to the State Revenue Office (SRO), aka Revenue NSW, when property ownership is transferred from one party to another. A transfer duty valuation is compulsory when transferring proprietorship amongst related parties or where the property is being transferred into a superannuation fund or other trusts and lawful entities.

Transfer duty is calculated as a percentage of the purchase price or the property’s market value, whichever is greater.

When will you pay Transfer Duty?

  • Transferring ownership of a property to a purchaser.
  • A joint owner may want to remove an owner from the title where a property was purchased together.
  • A property owner transfers property to his / her SMSF.
  • Parents are selling property to their children.
  • The husband transfers property in his name to his wife to be jointly owned.
  • Sibling transferring his share of a property to another sibling.

​Solicitors and Conveyancers often require transfer duty valuations for their clients.