News & Insights

Transferring property from a company or trust into your personal name is possible, but complex. Stamp duty, Capital Gains Tax, and Division 7A rules can create significant costs. Even related-party transfers are treated like full sales at market value. Speak with a solicitor, accountant, and financial specialist before acting to ensure compliance and minimise tax risks.

The Queensland Government has announced a game-changing reform for first home buyers, aimed at easing one of the biggest financial hurdles: transfer (stamp) duty. From 1 May 2025, first-time buyers who purchase a newly built home or vacant land to build their first home will no longer have to pay any transfer duty. This move is designed to make homeownership more affordable, and help buyers gain a foothold in Queensland’s competitive property market.

Buying a property is a big step, and transfer duty can be a high upfront cost. The good news is that eligible buyers may qualify for concessions or exemptions. Here’s a straightforward guide to how Queensland transfer duty works and what to check before you buy.