Exemptions & Concessions

Pensioner exemption or concession from duty and the First Home Bonus

If you qualify for both the bonus and the pensioner exemption or concession from duty, you have the choice of receiving one or the other. You cannot receive both.
Depending on the value of the property purchased, it may be more advantageous to receive the bonus than the pensioner exemption or concession.

To help you make the choice, find out which option is worth more to you. 

First home owner with family exemption or concession from duty and the First Home Bonus

If you entered into a contract on or after 1 January 2006 and before 1 July 2010, you may be eligible for the first home owner with family exemption or concession and the bonus. Under these circumstances, you have the choice of receiving one or the other, but not both. Depending on the value of your home, the first home owner with family exemption or concession may be worth more than the bonus.

To help you make the choice, find out which option is worth more to you.

Principal place of residence concession and the First Home Bonus

If you entered into a contract on or after 6 May 2008 and you are entitled to both the duty concession for a principal place of residence and the bonus, you will receive both. You no longer have to choose one over the other.

However, if your contract date was in the period from 1 January 2007 to 5 May 2008 (inclusive), you must choose between the bonus and duty concession for a principal place of residence. You cannot receive both. Under these circumstances, the bonus is worth more than the maximum duty saving (which is $2850).

 

This document was last reviewed on 17/08/2009
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