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If you are buying your first home and the sale price is $500,000 or less you can have the stamp duty payment waived altogether. If the price is between $500,000 and $600,000 you pay a discounted amount. The discount is reduced as the price increases until at $600,000 the full duty of $22,490.00 would be payable.
If you are purchasing vacant land the duty is only waived up to $300,000.
This waiver of duty payable also applies to the stamp duty on mortgage documents.
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