What are the common stamp duty exemptions and concessions?

Here are some of the most common stamp duty exemptions and concessions that transferees (buyers) may be eligible for:

• A waiver of 25% off for existing residential property or vacant residential land and 50% off for new residential property, provided that its dutiable value does not exceed $1,000,000 and it was purchased (Day of Sale) between 25/11/2020 and 30/6/2021.
• Principal Place of Residence concession for residential land where the dutiable value does not exceed $550,000, and at least one of the transferees will live at the property.
• First Home Buyer exemption for residential land where the dutiable value does not exceed $600,000, and a concession if the dutiable value does not exceed $750,000, and it will be your principal residence.
• A once-only Pensioner exemption for residential land where the dutiable value of the pensioner’s share does not exceed $330,000, and a concession if the dutiable value of the pensioner’s share does not exceed $750,000, and it will be your principal residence.
• An Off-the-Plan concession for residential land where the construction or refurbishment costs incurred after the Day of Sale are not dutiable.  To receive this concession when the Day of Sale is on or after 1/7/2017, you must also be eligible for the Principal Place of Residence concession or the First Home Buyer exemption or concession.
• Foreign purchaser exemption from additional duty for residential land where the property is purchased jointly with a spouse or domestic partner who is an Australian citizen or permanent resident, and it will be the couple’s principal residence.
• Exemption on full or part interest transfers between spouses or domestic partners of their principal residence.
• Exemption on full or part interest transfers between spouses or domestic partners made solely because of a breakdown of their relationship.
• Exemption on transfers made in accordance with the provisions of a will.
• Exemption of transfers made from or to a trust, where the beneficial ownership of the land does not change.

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