Commercial conveyance duties removed for most transactions from 2018-19

The ACT Government is continuing to cut conveyance duty for commercial transactions.

We are removing commercial conveyance duty for all transactions under $1.5 million, by halving rates in 2017-18 and removing it entirely from 1 July 2018.This means 70 per cent of commercial transactions will not be liable for duty from 1 July 2018.

Even at the top threshold the ACT will be competitive with other jurisdictions.

Residential and commercial conveyance duty rates will be split from 2017-18 on.

Table 6 Commercial Conveyance Duty Rates

Threshold 2017-18
(%)
2018-19
(%)
Up to $200,000 0.7 0
$200,001 to $300,000 1.2 0
$300,001 to $500,000 1.9 0
$500,001 to $750,000 2.39 0
$750,001 to $1,000,000 3.15 0
$1,000,001 to $1,499,999 3.4 0
$1,500,000 and above1 5 5

Note: 1 The $1,500,000 and above rate is a flat rate.

Table 7 Interstate comparison of commercial conveyance duty in 2018-19

  Transaction value
Jurisdiction $0.5 million $1.5 million $10 million
Duty ($) Duty ($) Duty ($)
ACT 0 0 500,000
South Australia 0 0 0
NSW 17,990 67,990 535,490
Victoria 25,070 82,500 550,000
Queensland 15,925 66,775 555,525
Western Australia 19,665 71,165 508,915
Northern Territory 23,929 74,250 545,000
Tasmania 18,248 62,685 445,185

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