Is stamp duty payable when gifting a property?
Transfers from a trust to a beneficiary under the trust, and transfers in accordance with a will or letters of administration are exempt from stamp duty.
In all other cases, if you are gifting a property to friend or family member, stamp duty will be calculated on the market value of the property, determined by a valuation or letter of appraised value by an estate agent. If the transferee is entitled to a duty exemption or concession, such as where the transferee is a first home buyer, they must produce evidence that they have paid the market value for the property in order to receive that duty exemption or concession.