Compared to Stamp Duty

When buying a house - how much will the Debit Tax cost when compared to Stamp Duty?

debit-tax-vs-stamp-dutyTo answer this question - lets look at a scenario where you buy a house valued at $250,000. At a rate of 1% - the Debit Tax amounts to $2,500.

Using the online tax calculator at Money Buddy - the Stamp Duty costs were calculated for each individual state, and are displayed on the left.

The results are:

  • The Debit Tax is better 11 times.
  • The Stamp Duty is better 4 times.
  • On one occasion - they are the same.