First Home Buyer Stamp Duty Exemption or Concession
What is Stamp Duty Exemption or Concession:
According to the Victoria State Revenue Office, the first home buyer duty exemption or concession may be available if:
You enter into a contract of sale to buy your first home on or after 1 July 2017.
Your home has a dutiable value of:
$600,000 or less to receive the first home buyer duty exemption,
$600,001 to $750,000 to receive the first home buyer duty concession.
All the purchasers of the property meet the First Home Owner Grant eligibility criteria, and
at least one purchaser satisfies the residency requirement.
The exemption or concession is only available to you once. If you or your partner has received the benefit of this exemption or concession previously, you cannot receive it again.
Unlike the First Home Owner Grant, it doesn’t matter whether you buy a new or established home. The exemption or concession is also available for vacant land.
What can we do for you?
Our conveyancing team helps you with the process of applying for the First Home Owner Grant.
Check your eligibility.
Gather supporting evidence.
Complete the application.
Lodge the application.