In the Northern Territory, stamp duty must be paid no less than 60 days after either:²
However, most buyers will generally have engaged the services of a solicitor or conveyancer during the homebuying process, and they will typically handle the stamp duty payment.
As of 30 June 2021, first home buyers in the Northern Territory are not eligible for any stamp duty concessions or exemptions and must pay the full applicable duty on their first property purchase.³
The Northern Territory has one stamp duty exemption available: the House and Land Package Exemption (HLPE).⁴ To be eligible for this full stamp duty exemption, you must purchase a house and land package from a building contractor before 30 June 2027, and in turn the contractor must do one of the following:
Additionally, the contractor must have bought the land in question from a developer and paid the applicable stamp duty on the purchase of said land. There are no means testing measures or price caps for the HLPE.
As of September 2022, foreign purchasers must pay the full amount of stamp duty applicable on any property purchase they make. However, unlike some of Australia’s other states and territories, the Northern Territory does not impose an additional stamp duty surcharge on foreign borrowers.
Stamp duty must be paid to the Receiver of Territory Monies (the Northern Territory revenue office).² However, if you’re working with a solicitor or conveyancer, they will generally handle the payment of your stamp duty on your behalf.
Like we mentioned before, stamp duty rates vary widely around the country, so the same house could theoretically incur notably different amounts of stamp duty if bought in different states and territories. Additionally, different states and territories offer different stamp duty concessions and exemptions, with some offering discounts for eligible pensioners, first home owners and families.
That’s why we’ve created stamp duty guides for all the states and territories around the country, including:
1 Northern Territory Government. STAMP DUTY ACT 1978. 2022.
2 Northern Territory Government – Department of Treasury and Finance. Frequently Asked Questions: Stamp Duty. 2022.
3 NT.GOV.AU. Home owner assistance. 2022.
4 NT.GOV.AU. Get stamp duty exemption on house and land packages. 2022.