·         In South Australia stamp duty is charged on certain documents and transactions. It is either charged at a flat rate or based on the value of the transaction. This depends on the particular document or transaction.

·         For land transfers the duty arises from the instrument of transfer and is based the greater of:

o   the value of the land including any improvements such as a home or any other structures that have been added; or

o   the consideration (payment) including GST.

·         There are concessions and exemptions available for first home buyers as follows:

o   A stamp duty concession of $21,330 exists for first home purchasers purchasing a new or substantially renovated property.

o   If the value of the property is under $500,000 no stamp duty is payable.

·         South Australia does not offer any duty concessions for pensioners.

·         Further information can be found at http://www.revenuesa.sa.gov.au.