Victoria now has generally the highest State property taxes in Australia

Potential property developer taxes

Top tax rate

VIC

Transfer duty on a direct transfer
of land, fixed assets and goods

6.5%

Landholder duty on acquisition of
company or unit trust which holds land and fixed assets

6.5% ($1m land threshold)

Base land tax

2.55%

Tax on windfall gains upon
rezoning

50%

Growth Areas Infrastructure
Contribution (“GAIC”)

Approx $100k - $117k per hectare

Absentee Owner Surcharge
(“AOS”) for absentee owners (all
taxable land, not just residential)

2% (all taxable land)

Foreign Purchaser Additional
Duty (“FPAD”) for foreign
purchasers of residential land

8%

Vacant Residential Land Tax
(“VRLT”)

1% (although there are some temporary concessions for Melbourne CBD)

Economic Entitlements (ie a tax
on developer agreements)

6.5%

Fixed Assets (ie a tax on the
transfer of fixed plant and
equipment even if there is no
underlying interest in land)

6.5%

FPAD payable on intention to use
the land as residential (which
has unlimited timeframe)

8%

 ACT

Transfer duty on a direct transfer
of land, fixed assets and goods

4.54% residential and 5% commercial ($1.5m commercial land threshold)

Landholder duty on acquisition of
company or unit trust which
holds land and fixtures

4.54% residential and 5% commercial ($1.5m commercial land threshold)

Base land tax

1.12%

AOS

0.75% (residential)

Transfer duty on a direct transfer
of land, fixed assets and goods

7% (residential over $3.101m) and 5.5% on rest

Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods

5.5% ($2m land threshold)

AOS

2% (residential)

FPAD

8%

NT

Transfer duty on a direct transfer
of land, fixed assets, business
assets and goods

5.95%

Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods

5.95% ($500k land threshold)

Base land tax

Nil

Property Activation Levy on
vacant land in Darwin CBD and
1% for unoccupied, non-
residential buildings

2%

QLD

Transfer duty on a direct transfer
of (or interest in a trust which
holds) land, fixed assets,
business assets and goods

5.75%

Landholder duty on acquisition of
company which holds land and
fixed assets

5.75% ($2m land threshold)

Base land tax

2.75%

AOS

2% (all taxable land)

FPAD

7%

SA

Transfer duty on a direct transfer
of residential or primary
production land

5.5%

Landholder duty on acquisition of
company or unit trust which
holds residential or primary
production land

5.5% (no land threshold)

Base land tax

2.4%

FPAD

7%

TAS

Transfer duty on a direct transfer
of land, fixed assets and goods

4.5%

Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods

4.5% ($500k land threshold)

Base land tax

1.5%

FPAD

8% (residential)
1.5% (primary production)

FPAD payable on intention to use
the land as residential or primary
production (3 years from
purchase)

8% (residential)
1.5% (primary production)

WA

Transfer duty on a direct transfer
of land, fixed assets, business
assets and good

5.15%

Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods

5.15% ($2m land threshold)

Base land tax

2.67%

Metropolitan Region
Improvement Tax on property
located in metropolitan area

0.14%

Duty in relation to use of Fixed
Infrastructure Rights

5.15%

FPAD

7%