Do I need to get my trust stamped?

Depending on which jurisdiction the trust was created under, will determine whether or not the trust will need to be stamped, and what stamp duties will apply. 

In the ACT, QLD, SA and WA, trusts aren't required to be stamped, and are not subject to stamp duty.

In NSW trusts need to be stamped within 3 months of execution, and the stamp duty is $500.

In NT trusts need to be stamped within 60 days of the execution of the trust, and stamp duty is $20.

In VIC trusts need to be stamped within 30 days of execution of the trust, and stamp duty is $200.

And in TAS trusts need to be stamped within 3 months and stamp duty is $20. 

 

 

This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.

Have more questions? Submit a request

Comments

Powered by Zendesk