Top tips for transfer duty self assessors

These tips will help you meet your self assessor obligations when lodging transfer duty transactions using OSR Online.

Assessing

Our transfer duty toolkits give you everything you need to assess specific transactions. Here we give you some tips on assessing caveats, leases and mortgages.

Caveats

You cannot self assess caveats by way of equitable mortgagee dated before 1 July 2008 - these must be lodged with the Office of State Revenue for assessment.

All general caveats, and caveats by way of equitable mortgagee dated after 1 July 2008, are not dutiable and do not need to be stamped.

Leases

In most cases, you do not need to stamp a lease because lease duty was abolished on 1 January 2006. However, leases entered into on or before 1 January 2006 may still be dutiable.

You can lodge these documents directly with the Titles Registry without a stamp:

  • a lease for a term commencing on or after 1 January 2006
  • an amendment of lease increasing the lease term, where the amendment commences on or after 1 January 2006
  • an amendment of lease increasing the rental, where the amendment commences on or after 1 January 2006
  • an amendment of lease amending the covenants only.

Stamping mortgages

You generally do not need to stamp a mortgage because mortgage duty was abolished on 1 July 2008. However, mortgages entered into on or before 1 July 2008 may still be dutiable.

You can lodge these documents directly with the Titles Registry without a stamp:

  • a mortgage signed on or after 1 July 2008
  • a loan agreement
  • a release of mortgage
  • a caveat signed on or after 1 July 2008.

Lodging online

Read the following tips on how to lodge your transactions online using OSR Online.

Our transfer duty toolkits will also help you with specific transactions.

Multiple transferees

You need to include all transferees of a transaction in the transferee section. Select the transferee type from the drop-down list and enter the details. You can then click Add transferee and repeat the process until all transferees have been added.

Make sure you enter all required transferee information:

  • Individuals - first name, middle name, last name, date of birth and full address
  • Companies - company name, ABN and full address
  • Trusts - full name of trust and details of all trustees (including their first, middle and last names), date of birth and full address.

Interest acquired

In OSR Online, interest acquired is shown as a fraction. To transfer a whole share, you need to enter 11; and to transfer a half share, enter 12.

Printing a transaction statement summary

To print the transaction statement summary, go to the Lodgements tab and search for the relevant transaction number. Select View form, then click the PDF icon in the top-right corner of the screen.

Errors in a submitted transaction

If you have made a data entry error in a submitted transaction, select Submit enquiry in OSR Online (under the relevant self assessor account), complete the relevant details and click Submit enquiry. We will correct the error.

Contact

Office of State Revenue
For transfer duty self assessment queries:

For queries on payroll tax, land tax and royalties:

  • call 1300 300 734 (Australia) or +61 7 3179 2500 (overseas)
  • send an email using our online enquiry form.