All transfers of land (including gifts) attract stamp duty in Victoria. A typical home purchase will often include tens of thousands of dollars in land transfer duties unless you are eligible for an exemption or concession.
The most common stamp duty reductions are for First Home Buyers and pensioners, however currently in Victoria concessions and/or exemptions of land transfer duties are also available for:
Land transfers from deceased persons to their beneficiaries
Transfers between spouses and partners, including transfers after relations breakdowns including part of a divorce settlement
Certain corporate consolidations or reconstructions
The principal place of residence (PPR)
Charity and friendly societies
Visit the Victoria’s State Revenue Office for more information, eligibility criteria and how to apply for any stamp duty reductions relevant to your circumstance by following this link.