Western Australia offers transfer-duty exemptions or concessions for some transactions, but eligibility depends on the buyer, property, transaction date and current WA rules. First-home buyers may qualify under the state’s current home-owner rate or first-home concessions when the requirements are met.
A broker should use the WA government calculator and current guidance for the client’s exact contract date and circumstances. Do not quote an old threshold from memory because rates and concession limits can change.
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What Is Transfer Duty?
Transfer duty, often called stamp duty, is a state charge on certain property transactions. In WA, the amount is generally based on the dutiable value and the rate that applies to the transaction.
Who May Receive An Exemption Or Concession?
Possible relief can apply to qualifying first-home buyers and some transfers between spouses or de facto partners. The buyer must satisfy every condition and provide the required evidence.
Finance approval and duty relief are separate. A client can meet a lender’s loan requirements without qualifying for a duty concession, or qualify for a concession without meeting lending policy.
Broker Checks Before Quoting Funds To Complete
- Confirm the property location and contract date.
- Check whether the client has owned property before and whether residence rules apply.
- Use the current WA government calculator.
- Ask the conveyancer or settlement agent to confirm the legal treatment.
- Keep a buffer until the assessed amount is confirmed.
Avoid Common Errors
Do not assume that buying off the plan, being a senior or purchasing a first home automatically removes duty. Avoid using the purchase price alone when another dutiable value may apply. Put the confirmed duty amount into the client’s budgeting and funds-to-complete calculation.
