Stamp Duty on Transfer of Units in a Unit Trust

Please see Information Circular 75 for details of changes to stamp duty announced in the State Budget 2015-16.


Stamp duty was abolished on the transfer of non-real property from 18 June 2015.  If a unit trust that is not quoted on a recognised Stock Exchange owns real property (land) in South Australia, the transfer of units is liable to stamp duty based on the value of the land in South Australia.

The rate of stamp duty charged is described in the table at the bottom of this page.

A transfer of units in a unit trust that is not quoted on a recognised Stock Exchange and does not own land in South Australia and entered into from 18 June 2015 is not liable to duty and is not required to be stamped.

What is required? (Land owning unit trust)

The transfer document must be stamped. If no transfer document exists, the Unit Register can be stamped.

The types of unit transfers listed below can be stamped by an authorised RevNet user via RevNet (if you are not an authorised RevNet user contact RevenueSA for more information). All of these unit transfers are exempt from stamp duty:

  • Further issue - pro rata
  • In Specie Distribution
  • Pursuant to a Will or Intestacy
  • Redemption - Pro Rata
  • Trustee to Trustee

You can refer to the Stamp Duty Document Guide for more detailed notes on these document types.

All other transfers of units in a land owning unit trust are required to be presented to RevenueSA to have the appropriate stamp duty determined. The unit transfer must be submitted with a completed Opinion form, which can be obtained by RevenueSA, together with:

  • a copy of any valuation of the units made in connection with the transfer. Refer to Circular No 166; or
  • a certified Balance Sheet and detailed Profit and Loss Statements for the previous three years;
  • any liability directly related to the land owned by the unit trust;
  • evidence of the current market value of the land; and
  • if different classes of units have been issued, the rights of each class must be fully stated and a copy of the Trust Deed must be produced.

If the unit trust holds land in South Australia with a market value of $1 million or greater, the landholder provisions may apply.  See the Land Holder Guide to Legislation for further information.

Rate of Stamp Duty

Stamp duty on the transfer, either by way sale or gift, of units not quoted on a recognised stock exchange are charged as follows:

Where value of the property conveyedAmount 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

On-line calculator

Download the rates chart