Australia Wealth & Property Tax
Detailed wealth & property tax rates and rules for Australia in 2026.
Wealth Tax
Australia does not impose a wealth tax. There is no annual tax on the net wealth or total assets of individuals or entities.
Wealth Tax Rate
0%
Inheritance / Estate Tax
Australia does not have an inheritance tax, estate tax, or death duty. These taxes were abolished by all Australian states and territories between 1978 and 1984. However, capital gains tax may apply when assets of a deceased estate are later disposed of by the beneficiary, depending on the nature of the asset and when it was acquired.
Top Rate
0%
Property Tax
Property taxation in Australia is primarily administered at the state and territory level. Land tax is an annual tax levied on the unimproved value of land in most states and territories, with rates and thresholds varying by jurisdiction. Stamp duty (transfer duty) applies on the purchase of property, with rates varying by state and property value — for example, in New South Wales, stamp duty can range up to 5.5% of the property value, with surcharges for foreign buyers. Council rates are levied by local governments to fund municipal services. Some states are transitioning from stamp duty to an annual land tax model for residential property.
How Australia Wealth Tax compares
Australia does not tax net wealth. 191 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
