First home owner exemptions and concessions — first home owner with family
Channel: Duties Online Complex Transaction
Section: s61 - 63
Lodgement category: Other
Transaction
First home owners with family exemption or concession.
For contracts entered into on or after 6 May 2008.
Full exemption – value of house and land does not exceed $150,000.
Partial exemption – value of house and land does not exceed $200,000.
First home owners with at least one or more dependent children under 18 years of age living with them may be eligible for a full or partial exemption or refund of duty.
Note: You must apply for a refund within 5 years of payment of the duty.
Evidence
- Transfer of Land.
- Digital Duties Form.
- Contract of Sale.
Lodgement
Lodge 30 days prior to settlement as a complex transaction via the 'Retrieve & Claim ELNO Lodgement (Electronic Transfer)' queue in Duties Online.