In the ACT, stamp duty is payable 14 days after your property title is registered at Access Canberra.² Note that the day your title is registered will not necessarily be the same day as your settlement date or date of purchase.
As of September 2022, the ACT does not have any stamp duty exemptions or concessions specifically for first home buyers, or a first home buyer grant of any sort. If a first home buyer isn’t eligible for the previously mentioned HBCS, they will generally have to pay the full amount of stamp duty on the full property value of their first property purchase.
In the ACT, you will typically pay stamp duty on any purchase of vacant land, a home or a combination of the two – if you buy land with an established home on it, you’ll pay stamp duty on the combined value of the two.⁵
As of September 2022, the ACT requires foreign purchasers to pay any and all stamp duty they’ve incurred. However, unlike some other parts of Australia, the ACT does not impose any additional stamp duty or a transfer fee surcharge on foreign buyers.
Stamp duty in the ACT is paid to the ACT Revenue Office after you’ve received your notice of assessment and can only be paid online. Payment options include BPAY and Electronic Funds Transfer (EFT).⁶ However, your solicitor or conveyancer will generally handle this for you.
Like we mentioned before, stamp duty rates vary widely around the country, and the same house at the same market value could incur notably different amounts of stamp duty if bought in different states and territories, like Queensland or Victoria. Additionally, certain states and territories offer concessions or exemptions for certain home buyers, including eligible pensioners, first home buyers and parents with a certain level of income or number of dependent children.
That’s why we’ve created stamp duty guides for different states and territories around the country, including:
1 ACT Revenue Office. Conveyance duty (2. Non-commercial transfer duty). 2022.
2 ACT Revenue Office. Stamp duty concession for owner-occupiers. 2022.
3 ACT Revenue Office. Home buyer concession scheme (from 1 July 2019). 2022.
4 ACT Revenue Office. Conveyance duty exemptions. 2022.
5 ACT Revenue Office. Conveyance duty (1. Overview). 2022.
6 ACT Revenue Office. How to pay. 2022.