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The Victorian stamp duty legislation has been re-written and the new Duties Act 2000 came into effect on 1 July 2001.
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1. Transfer of Real Property rates (For contracts entered into on or after 6 May 2008) |
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Dutiable value range
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Rate
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$0 - $25,000 |
1.4 per cent of the dutiable value of the property |
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$25,001 - $130,000 |
$350 plus 2.4 per cent of the dutiable value in excess of $25,000 |
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$130,001 - $960,000 |
$2,870 plus 6 per cent of the dutiable value in excess of $130,000 |
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More than $960,000 |
5.5 per cent of the dutiable value |
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1. Transfer of Real Property rates (for contracts entered into from 21 April 1998 to 5 May 2008) |
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Dutiable value range
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Rate
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$0 - $20,000 |
1.4 per cent of the dutiable value of the property |
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$20,001 - $115,000 |
$280 plus 2.4 per cent of the dutiable value in excess of $20,000 |
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$115,001 - $870,000 |
$2,560 plus 6 per cent of the dutiable value in excess of $115,000 |
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More than $870,000 |
5.5 per cent of the dutiable value |
Transfer of land use entitlement after 16 June 2004, see above rates.
To download the Historical Rates (PDF/188kb) click here.
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1A. Duty rates for a principal place of residence (for contracts entered into on or after 6 May 2008) |
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Dutiable value range |
Rate
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$0 - $25,000 |
1.4 per cent of the dutiable value of the property |
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$25,001 - $130,000 |
$350 plus 2.4 per cent of the dutiable value in excess of $25,000 |
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$130,001 - $440,000 |
$2,870 plus 5 per cent of the dutiable value in excess of $130,000 |
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$440,001 - $550,000 |
$18,370 plus 6 per cent of the dutiable value in excess of $440,000 |
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$550,001 - $960,000 |
$28,070 plus 6 per cent of the dutiable value in excess of $550,000 |
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More than $960,000 |
5.5 per cent of the dutiable value |
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1A. Duty rates for a principal place of residence (for contracts entered into from 1 January 2007 to 5 May 2008) |
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Dutiable value range |
Rate
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$0 - $20,000 |
1.4 per cent of the dutiable value of the property |
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$20,001 - $115,000 |
$280 plus 2.4 per cent of the dutiable value in excess of $20,000 |
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$115,001 - $400,000 |
$2,560 plus 5 per cent of the dutiable value in excess of $115,000 |
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$400,001 - $500,000 |
$16,810 plus 6 per cent of the dutiable value in excess of $400,000 |
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$500,001 - $870,000 |
$25,660 plus 6 per cent of the dutiable value in excess of $500,000 |
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More than $870,000 |
5.5 per cent of the dutiable value |
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2. Declaration of Trust (on or after 6 May 2008) |
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Value of dutiable property declared
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Rate
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1.4 per cent of the dutiable value of the property |
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$25,001 - $130,000 |
$350 plus 2.4 per cent of the dutiable value in excess of $25,000 |
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$130,001 - $960,000 |
$2,870 plus 6 per cent of the dutiable value in excess of $130,000 |
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More than $960,000 |
5.5 per cent of the dutiable value |
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"Non dutiable property" or "unidentified property" declared |
A flat rate of $200 is payable |
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2. Declaration of Trust (from 21 April 1998 to 5 May 2008) |
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Value of dutiable property declared
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Rate
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$0 - $20,000 |
1.4 per cent of the dutiable value of the property |
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$20,001 - $115,000 |
$280 plus 2.4 per cent of the dutiable value in excess of $20,000 |
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$115,001 - $870,000 |
$2,560 plus 6 per cent of the dutiable value in excess of $115,000 |
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More than $870,000 |
5.5 per cent of the dutiable value |
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"Non dutiable property" or "unidentified property" declared |
A flat rate of $200 is payable |
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3. Motor Vehicle Duty |
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Not previously registered (New) |
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Previously registered (Used) |
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Passenger |
Non-passenger |
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In all other cases* |
| *except for previously LMCT (car dealer) registered high value vehicles |
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3A. Application for registration or transfer registration of a previously LMCT (car dealer) registered high value vehicle |
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Where:
- the vehicle is a 'passenger car'
- the vehicle is acquired within 60 days of the initial LMCT registration, and
- no duty has been paid on or since the initial LMCT registration of the vehicle.
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Dutiable value range
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Rate
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$0 - $57,009 |
$5 per $200 or part thereof |
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$10 per $200 or part thereof |
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4. Insurance Policies |
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General insurance policies
10 per cent of the gross premium received is payable by the insurance company. |
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Life insurance policies (other than temporary or term insurance policies) |
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Insured sum: |
Rate
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$0 - $200 |
Nil |
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$201 - $2,000 |
$0.12 for every $200 or part thereof of the sum insured |
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More than $2,000 |
$1.20 plus $0.24 for every $200 or part thereof over $2,000 of the sum insured |
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Temporary or term life insurance policies
5 per cent of the first year’s premium. |
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5. Hire of Goods (abolished from 1 January 2007) |
- Income received in respect of a hire of goods is dutiable at the rate of 0.75 per cent on any amount in excess of $6,000 per month.
- The maximum amount of duty in respect of a special hiring agreement is $10,000.
Click here for more information.
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6. Sale of Cattle |
- Sales of live cattle are dutiable at the rate of $0.05 for every $20 or part of the total purchase money (excluding GST) for cattle sold in one lot, provided that duty for any one head of cattle does not exceed $5.00.
- Sales of calves are dutiable at a flat rate of $0.15 each.
- Sales of cattle carcases are dutiable according to weight.
- Carcases up to and including 250kg attract a flat rate of $0.90 each.
- Carcases greater than 250kg are dutiable at a flat rate of $1.30 each.
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7. Sale of Sheep and Goats |
Sales of live sheep and goats, and sheep and goat carcasses, are dutiable at a flat rate of $0.12 each.
> To download the Historical Rates (PDF/188kb) click here.
You will need Adobe Acrobat Reader/MS-Word to view the documents. Click here for downloading instructions.
Payroll Tax Rates
Payroll Tax Rates and Deductions information
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1. Deductions and tax rates (financial year) |
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Maximum Deduction |
Rate |
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$550,000 |
4.95% (from 1 July 2008) |
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$550,000 |
5.05% (from 1 January 2007 to 30 June 2008) |
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$550,000 |
5.15% (1 July 2006 to 31 December 2006) |
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2. Monthly return periods |
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Maximum Deduction |
Rate |
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$45,833 |
4.95% (from 1 July 2008) |
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$45,833 |
5.05% (from 1 January 2007 to 30 June 2008) |
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$45,833 |
5.15% (1 July 2006 to 31 December 2006) |
> Download the Historical Pay-roll Tax Rates and maximum deductions (PDF/73kb).
You will need Adobe Acrobat Reader/MS-Word to view the documents. Click here for downloading instructions.
Land Tax Rates
2007, 2008 & 2009 Land Tax Scale of Tax Rates information
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1. 2007 General Rates |
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Total taxable value of landholdings |
Land tax payable |
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< $200,000 |
Nil |
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$200,000 to < $540,000 |
$200 plus 0.2% of amount > $200,000 |
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$540,000 to < $900,000 |
$880 plus 0.5% of amount > $540,000 |
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$900,000 to < $1,190,000 |
$2680 plus 0.8% of amount > $900,000 |
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$1,190,000 to < $1,620,000 |
$5000 plus 1.2% of amount > $1,190,000 |
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$1,620,000 to < $2,700,000 |
$10,160 plus 1.8% of amount > $1,620,000 |
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$2,700,000 and over |
$29,600 plus 3% of amount > $2,700,000 |
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2. 2007 Surcharge Rates for Trusts |
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Total taxable value of landholdings |
Land tax payable |
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< $20,000 |
Nil |
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$20,000 to < $200,000 |
$75 plus 0.375% of amount > $20,000 |
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200,000 to < $540,000 |
$750 plus 0.575% of amount >$200,000 |
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$540,000 to < $900,000 |
$2,705 plus 0.875% of amount > $540,000 |
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$900,000 to < $1,190,000 |
$5,855 plus 1.175% of amount > $900,000 |
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$1,190,000 to < $1,620,000 |
$9,263 plus 1.575% of amount > $1,190,000 |
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1,620,000 to < $2,700,000 |
$16,035 plus 1.256% of amount >*$1,620,000 |
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$2,700,000 and over |
$29,600 plus 3% of amount > $2,700,000 |
* The 0.375% surcharge starts to phase out at the rate of $54.40 for every $10,000 increase in value for property values in excess of $1.62 million.
At $2.7 million, the surcharge is zero and normal marginal rates apply.
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3. 2008 General Rates |
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Total taxable value of landholdings |
Land tax payable |
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< $225,000 |
Nil |
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$225,000 to < $540,000 |
$250 plus 0.2% of amount > $225,000 |
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$540,000 to < $900,000 |
$880 plus 0.5% of amount > $540,000 |
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900,000 to < $1,620,000 |
$2,680 plus 0.8% of amount > $900,000 |
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$1,620,000 to < $2,700,000 |
$8,440 plus 1.3% of amount > $1,620,000 |
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$2,700,000 and over |
$22,480 plus 2.5% of amount > $2,700,000 |
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4. 2008 Surcharge Rates for Trusts |
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Total taxable value of landholdings |
Land tax payable |
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< $20,000 |
Nil |
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$20,000 to < $225,000 |
$75 plus 0.375% of amount > $20,000 |
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$225,000 to < $540,000 |
$844 plus 0.575% of amount > $225,000 |
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$540,000 to < $900,000 |
$2,655 plus 0.875% of amount > $540,000 |
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$900,000 to < $1,620,000 |
$5,805 plus 1.175% of amount > $900,000 |
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$1,620,000 to < $2,700,000 |
$14,265 plus 0.76% of amount > **$1,620,000 |
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$2,700,000 and over |
$22,480 plus 2.5% of amount > $2,700,000 |
** The 0.375% surcharge starts to phase out at the rate of $53.94 for every $10,000 increase in value for property values in excess of $1.62 million.
At $2.7 million, the surcharge is zero and normal marginal rates apply.
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5. 2009 General Rates |
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Total taxable value of landholdings |
Land tax payable |
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< $250,000 |
Nil |
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$250,000 to < $600,000 |
$275 plus 0.2% of amount > $250,000 |
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$600,000 to < $1,000,000 |
$975 plus 0.5% of amount > $600,000 |
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$1,000,000 to < $1,800,000 |
$2,975 plus 0.8% of amount > $1,000,000 |
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$1,800,000 to < $3,000,000 |
$9,375 plus 1.3% of amount > $1,800,000 |
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$3,000,000 and over |
$24,975 plus 2.25% of amount > $3,000,000 |
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6. 2009 Surcharge Rates for Trusts |
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Total taxable value of landholdings |
Land tax payable |
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< $25,000 |
Nil |
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$25,000 to < $250,000 |
$82 plus 0.375% of amount > $25,000 |
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$250,000 to < $600,000 |
$926 plus 0.575% of amount > $250,000 |
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$600,000 to < $1,000,000 |
$2,938 plus 0.875% of amount > $600,000 |
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$1,000,000 to < $1,800,000 |
$6,438 plus 1.175% of amount > $1,000,000 |
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$1,800,000 to < $3,000,000 |
$15,838 plus 0.7614%* of amount > $1,800,000 |
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$3,000,000 and over |
$24,975 plus 2.25% of amount >$3,000,000 |
* The surcharge phases out for landholdings in excess of $1.8 million. For landholdings valued at or over $3 million, the surcharge is zero and the normal marginal rate applies.
> Download the 2007 Land Tax Rates (PDF/86kb).
> Download the 2008 Land Tax Rates (PDF/122kb).
> Download the Historical Land Tax Rates (PDF/99kb).
You will need Adobe Acrobat Reader/MS-Word to view the documents. Click here for downloading instructions.
Further information
Click here to contact the SRO.
Disclaimer
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