Please see Information Circular 75 for details of historical changes to stamp duty announced in the State Budget 2015-16.
As part of the State Budget 2015-16 stamp duty was abolished on business transfer instruments executed on or after 18 June 2015. The abolition does not apply to a business transfer executed on or after 18 June 2015 which is pursuant to a contract of sale or other agreement entered into before 18 June 2015.
Stamp duty does not apply to a business transfer, however stamp duty will still apply on the transfer of land or motor vehicles included as part of a transfer of business.
A Certificate of Stamp Duty is not required, however, if a Certificate of Stamp Duty is generated, RevenueSA recommend that you attach it to the document.
Stamp duty is charged on either the market value or consideration, whichever is the greater when there is:
The transaction may also include the sale of goodwill, stock or a motor vehicle and as such, these assets, as well as any other assets located in South Australia, form part of the consideration upon which stamp duty is paid.
If the business or partnership includes assets located outside South Australia, these assets are not included when determining the stamp duty chargeable on the transaction.
A written contract containing the terms and conditions of the transaction is usually executed by the parties (i.e. vendor and purchaser) and this document is liable to stamp duty. Usually it is the purchaser of the business who pays the appropriate stamp duty.
If there is no written contract then a statement and statutory declaration pursuant to Section 71E of the Stamp Duties Act 1923 must be completed by the purchaser with all relevant details of the transaction. This statement assumes the status of a contract and is subject to stamp duty in the same manner as that of a fully executed contract. These forms can be obtained from RevenueSA or downloaded from our forms page.
If the transfer of a business or partnership relates to, or includes, the transfer of a gaming machine business, including the transfer of any underlying or indirect interest in a gaming machine business, then the gaming machine surcharge may apply. Refer to Circular No. 235 for more information.
Refer to the Stamp Duty Document Guide for details regarding whether your document can be self-determined via RevenueSA Online by an authorised user or must be submitted to RevenueSA with a completed Application for Stamp Duty Assessment.
Stamp duty on a conveyance of business or partnership, pursuant to a contract of sale or other agreement entered into before 18 June 2015, is charged as follows:
|Value of the Property||Amount of Duty|
|Does not exceed $12 000||$1.00 for every $100 or part of $100|
|Exceeds $12 000 but not $30 000||$120 plus $2.00 for every $100 or part of $100 over $12 000|
|Exceeds $30 000 but not $50 000||$480 plus $3.00 for every $100 or part of $100 over $30 000|
|Exceeds $50 000 but not $100 000||$1 080 plus $3.50 for every $100 or part of $100 over $50 000|
|Exceeds $100 000 but not $200 000||$2 830 plus $4.00 for every $100 or part of $100 over $100 000|
|Exceeds $200 000 but not $250 000||$6 830 plus $4.25 for every $100 or part of $100 over $200 000|
|Exceeds $250 000 but not $300 000||$8 955 plus $4.75 for every $100 or part of $100 over $250 000|
|Exceeds $300 000 but not $500 000||$11 330 plus $5.00 for every $100 or part of $100 over $300 000|
|Exceeds $500 000||$21 330 plus $5.50 for every $100 or part of $100 over $500 000|
Use the Stamp Duty Conveyance of Business Calculator to determine duty payable.
Download the rates chart