About concessions for homes
When you have land in Queensland transferred to you that you’ll use as your home, you may be able to claim a concession that reduces the amount of duty you have to pay.
If you meet certain eligibility requirements, the duty may be reduced to the point where you don’t have to pay anything.
You may be eligible for a:
- home concession—if you’re acquiring a residence that you intend to occupy as your home
- first home concession—if you’re acquiring a residence that you intend to occupy as your first home
- first home vacant land concession—if you're acquiring vacant land where you intend to build your first home.
Companies are not eligible to claim these concessions.
Trustees (including corporate trustees) are not eligible for the concessions unless all the following apply:
- the transferees are trustees of a trust (other than a discretionary or unit trust)
- the beneficiaries are individuals, all of whom are under a legal disability
- the residence will be the home of all the beneficiaries.
Use our home concession eligibility tester to find out if you may be eligible for a concession.
Queensland First Home Owners' Grant
If you’re a first home owner buying or building a new home, you may also be eligible to claim the Queensland First Home Owners' Grant.
You’re allowed to claim both the grant and a transfer duty concession, but each has its own eligibility requirements and some cancel out others. For example, the grant allows you to rent out a room while using it as your residence, but this would disqualify you for both the first home concessions.