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Question and Answer Tracking Details

7172 - Finance and Small Business - TRANSFER DUTY

Mookhey, Daniel to the Minister for Finance and Small Business

(1) How many individuals paid, and what is the monetary amount collected, for transfer duty for property sales in the 2021/22 financial year to date in the following property value brackets:

(a) $0 to $14,000?

(b) $14,000 to $32,000?

(c) $32,000 to $85,000?

(d) $85,000 to $319,000?

(e) $319,000 to $1,064,000?

(f) $1,064,000 to $3,194,000?

(g) Over $3,194,000?

(2) How many individuals paid, and what is the monetary amount collected, for transfer duty for property sales in the 2020/21 financial year in the following property value brackets:

(a) $0 to $14,000?

(b) $14,000 to $31,000?

(c) $31,000 to $83,000?

(d) $83,000 to $310,000?

(e) 310,000 to $1,033,000?

(f) $1,033,000 to $3,101,000?

(g) Over $3,101,000?

(3) How many individuals paid, and what is the monetary amount collected, for transfer duty for property sales in the 2019/20 financial year in the following property value brackets:

(a) $0 to $14,000?

(b) $14,001 to $30,000?

(c) $30,001 to $81,000?

(d) $81,001 to $304,000?

(e) $304,001 to $1,013,000?

(f) $1,033,000 to $3,040,000?

(g) Over $3,040,000?

(4) How many individuals paid, and what is the monetary amount collected, for transfer duty for property sales in the 2018/19 financial year in the following property value brackets:

(a) $0 to $14,000?

(b) $14,001 to $30,000?

(c) $30,001 to $80,000?

(d) $80,001 to $300,000?

(e) $300,001 to $1 million?

(f) $1 million to $3 million?

(g) Over $3 million?

Answer -

(1) 2021/22 (as at 19 August 2021)

 

Number of liable parties

Duty

(a)    $0 to $14,000

596

$8,671

(b)   $14,000 to $32,000

80

$11,625

(c)   $32,000 to $85,000

246

$118,850

(d)   $85,000 to $319,000

1,866

$4,245,149

(e)  $319,000 to $1,064,000

9,695

$65,436,847

(f) $1,064,000 to $3,194,000

4,659

$93,200,067

(g)   Over $3,194,000

202

$74,332,714

(2) 2020/21

 

(a)   $0 to $14,000

Number of liable parties

8,940

Duty

$575,955

(b)   $14,000 to $32,000

1,224

$283,346

(c)   $32,000 to $85,000

2,987

$1,927,871

(d)   $85,000 to $319,000

32,872

$130,493,210

(e)  $319,000 to $1,064,000

176,617

$2,587,862,304

(f) $1,064,000 to $3,194,000

80,939

$3,619,702,827

(g)   Over $3,194,000

11,353

$3,216,743,827

(3) 2019/20

 

(a)   $0 to $14,000

Number of liable parties

9,688

Duty

$340,676

(b)   $14,000 to $32,000

1,230

$267,267

(c)   $32,000 to $85,000

2,578

$1,675,441

(d)   $85,000 to $319,000

23,676

$93,796,098

(e)  $319,000 to $1,064,000

134,003

$1,950,016,461

(f) $1,064,000 to $3,194,000

54,472

$2,462,245,335

(g)   Over $3,194,000

6,741

$2,589,437,773

(4) 2018/19

 

(a)   $0 to $14,000

Number of liable parties

11,269

Duty

$315,309

(b)   $14,000 to $32,000

1,462

$340,755

(c)   $32,000 to $85,000

2,838

$1,867,862

(d)   $85,000 to $319,000

24,882

$94,867,182

(e)  $319,000 to $1,064,000

118,590

$1,726,551,219

(f) $1,064,000 to $3,194,000

44,096

$1,975,878,470

(g)   Over $3,194,000

5,264

$3,015,541,549

Note: A transaction may have more than one liable party. A liable party may be an individual or an organisation.

 


Question asked on 12 August 2021 (session 57-1) and published in Questions & Answers Paper No. 561
Answer received on 24 August 2021 and published in Questions & Answers Paper No. 569