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Differences between first home concessions and First Home Owners' Grant

If you’re a first home owner in Queensland, you may be able to claim one of the first home concessions for transfer duty and the Queensland First Home Owners' Grant.

However, whereas some of the requirements for each benefit are the same, there are differences that you should know about so you can fulfil your obligations and avoid having to pay an amount back, including interest and penalties.

The table below explains the differences between each first home benefit and the requirements that you need to meet.

First home concession
First home vacant land concession 
First Home Owners' Grant 
When you must occupy the property as your principal place of residence

Within 1 year after the transfer date

Within 2 years after the transfer date

Within either:

  • 1 year after the title registration date (purchased homes)

  • 1 year after the final inspection date (for contracts to build or owner-builders)

How long you must live in the property

You can’t dispose of any of the property for 1 year

You can’t dispose of any of the property for 1 year

You must live in the property for a continuous period of 6 months

When you need to apply

You have 5 years to apply for a refund if you haven't claimed a concession at the time of purchase

You have 5 years to apply for a refund if you haven't claimed a concession at the time of purchase

You have 1 year from completion of the transaction

Renting the property out before moving in

You can’t rent the property out before moving in

Exception: The vendor or vendor's existing tenant may remain in possession for up to 6 months after the transfer date

You can’t rent the property out before moving in

You can rent the property out before moving in

Renting a room

You can’t rent out any room for the first year after you move in

You can’t rent out any room for the first year after you move in

You may rent out one or more rooms in the house during your 6-month residency period, as long as this arrangement doesn’t affect your use of the home

Losing the concession or grant

You lose your concession if you either:

  • don’t occupy the home as your principal place of residence within 1 year after the transfer date

  • dispose of any of the property before moving in or within 1 year after of the date you move in

You lose your concession if you either:

  • don’t occupy the constructed home as your principal place of residence within 2 years after the transfer date

  • dispose of part or all of the property before occupying the constructed residence or within 1 year of the date you move in

You may have to repay the grant if you:

  • don’t move into the home within 1 year of buying it

  • don’t live in the home as your principal place of residence for 6 months continuously

Exceptions to these requirements

You might not lose the concession if you can’t occupy the home because of an intervening event. You must apply in writing to the Commissioner of State Revenue 

You might not lose the concession if you can’t occupy the home because of an intervening event. You must apply in writing to the Commissioner of State Revenue

We may approve the grant in special circumstances if you:

  • are under 18 years of age

  • move into the home after 1 year

  • live in the home for less than 6 months