VIC stamp duty calculation checklist
Victorian stamp duty is assessed under the Duties Act 2000 and calculated by Revenue Victoria. This checklist is for VIC conveyancers calculating duty on residential property transfers.
This is a 12-step checklist for calculating Victorian stamp duty on a property transfer, including PPR and first home concessions, pensioner rebates, and foreign purchaser additional duty.
The checklist
Determine dutiable value
Determine the dutiable value — generally the higher of contract price or market value.
Apply standard duty rates
Apply the current Victorian transfer duty scale to the dutiable value.
Check PPR concession
Assess principal place of residence concession for homes under $550k.
Check first home buyer concession
Assess first home buyer exemption (under $600k) or concession (up to $750k).
Check pensioner concession
Assess pensioner concession or exemption eligibility.
Check off-the-plan concession
For qualifying off-the-plan purchases, apply the dutiable value based on construction progress.
Check foreign purchaser additional duty
Assess the 8% foreign purchaser additional duty if any purchaser is a foreign person.
Check corporate reconstruction exemption
For intra-group transfers, assess corporate reconstruction exemption eligibility.
Calculate total duty
Calculate the net duty payable after all concessions and additional surcharges.
Lodge through Duties Online
Lodge the duty assessment through SRO Duties Online or via PEXA.
Pay duty before settlement
Ensure duty is paid or included in PEXA financial settlement before settlement date.
Retain assessment records
Keep the duty assessment and supporting evidence on file for 5 years.
When this checklist applies
Use on every Victorian property purchase to calculate correct duty.
Common pitfalls
- Miscalculating dutiable value on related-party transfers
- Missing off-the-plan concession eligibility
- Overlooking foreign purchaser additional duty
- PPR concession denied because client does not meet 12 month occupancy
- Pensioner concession missed for eligible clients
Run this checklist on a real matter
Quillio can calculate VIC duty on a client matter, applying concessions and surcharges. See /practice-areas/property-lawyers or start a free trial.
General guidance on Victorian stamp duty. Always check current State Revenue Office rates and thresholds.
Use this checklist on your matter.
Quillio can run this checklist on a specific NSW conveyancing matter — confirm each item, calculate adjustments, and generate the supporting documents. The free trial requires no credit card.
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