When you buy a business, transfer duty may apply to some or all of the assets included in the sale.

The rules are different in Queensland, Victoria and New South Wales. The state where the business operates, the assets being purchased and the way the transaction is structured can all affect the amount of duty payable.

When does Transfer Duty apply?

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This calculator applies the standard rate schedules published by each state’s revenue office. It doesn’t account for foreign purchaser surcharges, landholder duty, or formal exemption applications.

For business sales involving related parties, corporate restructures, or freehold property, always confirm your position with a solicitor or conveyancer before relying on any figure.

Frequently Asked Questions

Does transfer duty apply if no real estate is involved in a Queensland business sale?

Yes. Goodwill, business names, and other business assets can attract duty even without any land or property changing hands.

Who pays transfer duty when buying a business in Queensland?

The buyer, under standard contract terms, though both parties can be held liable if duty remains unpaid.

Can a business sale be exempt from transfer duty in Queensland?

Only in specific circumstances, mainly restructures involving the same owners or transfers within a corporate group. A standard sale to an unrelated buyer rarely qualifies for an exemption.

How long do I have to pay transfer duty after buying a business?

Generally 30 days from when the liability arises, though this can vary depending on how the transaction is lodged.

Does GST increase the amount of transfer duty payable?

Yes, if GST applies to the sale, duty is calculated on the GST-inclusive value, increasing the total dutiable amount.

DISCLAIMER: This information is provided for educational and general informational purposes only and does not constitute financial, legal, or tax advice. Gold Coast Business Brokers is not a financial adviser, solicitor, or registered tax agent. Rates, thresholds, and exemption eligibility referenced in this article reflect Queensland Revenue Office guidance current at the time of writing and may change. Readers should seek independent advice from a qualified solicitor, accountant, or tax adviser, and confirm current requirements directly with the Queensland Revenue Office, before making any decisions or entering into any transaction.