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Home concession

Eligibility

You can claim a home concession if you:

The home concession was not available from 1 August 2011 to 30 June 2012.

If this is your first home, you may be eligible for the first home concession.

The concessional transfer duty rate applies to the first $350,000 of the consideration or value of the home. The general transfer duty rates then apply to the balance.

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 or rates for home concessions to find out how much duty you may have to pay.

Note: The concession doesn’t apply to any part of the land that’s used for non-residential purposes. Read the public ruling on the residential purposes for the transfer duty concession for homes and first homes (DA087.1).

Example

Dutiable value of home $550,000
Concessional transfer duty on first $350,000 $3,500
Transfer duty on balance ($200,000) $7,100
Total transfer duty $10,600
(Without the home concession, the transfer duty would be $17,775.)

How to claim

Complete the following forms and include them 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 applying for a reassessment.

Obligations after you claim

After you claim this concession, you must:

  • occupy the home as your principal place of residence within 1 year of the transfer date
  • not dispose of part or all of the property before moving in or within 1 year of the date you move in.

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:
17 January 2018
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