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How does stamp duty work in real estate transactions in Australia?

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Q

What is stamp duty and how is it calculated in real estate transactions in Australia?

Dorado

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2 answers from the community

A

Stamp duty is a tax paid on property transactions in Australia, calculated based on the property's purchase price or market value, whichever is higher.

1 year ago

A

Rates vary by state and territory, with exemptions and concessions available for first-time home buyers and other eligible groups.

1 year ago