Principal Place of Residence (PPR) - Concession/reduction of duty

Circumstances/Transactions:

The PPR concession applies to transfers resulting from contracts of sale entered into on or after 1 October 2008 where the land purchased is intended to be occupied as a principal place of residence by at least one transferee.

Evidence:

• Digital Duties Form 

For sales involving transfers of land to related or associated persons, fractional interests, or for less than market value, we require additional evidence:

• Evidence of the market value of the property
• Proof of payment of the purchase price (e.g. bank statements, loan agreements and receipts).