Skip links and keyboard navigation

First home vacant land concession

Eligibility

You can claim a first home vacant land concession if:

  • you buy vacant land valued less than $400,000
  • you are at least 18 years of age
  • you have never held an interest in residential land anywhere in the world
  • you will build your first home on the vacant land
  • you will build only 1 home on the vacant land
  • no building, or part of a building, is on the land when you buy it
  • you haven’t received a first home vacant land concession before.

The first home vacant land concession is calculated at the transfer duty rate minus the first home vacant land concession amount. See the home concession rates.

Use our home concession eligibility tester to find out if you are eligible to claim a concession.

You can also use the transfer duty estimator to find out how much duty you may have to pay.

Example

Dutiable value on land

$380,000

Transfer duty

$11,725

Concession for vacant land valued $380,000 to $389,999.99                    

$1,000

Total transfer duty

$10,725

(Without the home concession, the transfer duty would be $11,725.)

How to claim

Complete a Claim for transfer duty concession first home vacant land (Form D2.7) and include it with your documents when lodging them for stamping.

Read more about lodging and stamping your documents.

Alternatively, if you’re unsure that you meet the concession requirements, you can pay duty at the full rate when your documents are assessed and then claim the concession later if you have met, or will meet, the requirements.

We will reassess your duty at the concessional rate and refund the balance of your original payment. Find out about applying for a reassessment.

Obligations after you claim

After you claim this concession, you must:

  • build and occupy the constructed home as your first principal place of residence within 2 years after the land is transferred to you
  • not dispose of all or part of the land before or within 1 year after you start living in the constructed home.

If you don’t meet these requirements, you must lodge documents with us for reassessment. Read about common reasons for reassessment to find out more about a reassessment of your transfer duty concession and what documents you need to lodge.

After a reassessment, you may have to pay a transfer duty liability. You may also have to pay unpaid tax interest and penalty tax, depending on your circumstances.

Transfer duty calculator

Use our calculator to find out how much transfer duty you may have to pay. It can also calculate the duty you paid on a transaction where previous rates were used.

Contact

For transfer duty enquiries:

  • call 1300 300 734 (Australia) or
    +61 7 3227 6044 (overseas)
  • send an email using our online enquiry form.
Licence
Creative Commons Attribution 3.0 Australia (CC BY 3.0)
Last updated:
27 March 2017
  1. Is your feedback about:
  2. (If you chose ‘website’ above)

    Page feedback

    1. How satisfied are you with your experience today? *
  3. (If you chose ‘service’ above)

    Feedback on government services, departments and staff

    Please use our complaints and compliments form.