Principal Place Of Residence

What is a PPR concession?

A Principal Place of Residence (PPR) concession is a concessional rate of duty that applies to transfers of property where the contract of sale is entered into on or after 1 January 2007 and the land purchased is intended to be occupied as a PPR.

The applicable concessional rate of duty depends on the dutiable value of your PPR and the date on which the contract to purchase the PPR was entered into.

For contracts entered into on or after 6 May 2008:

Dutiable value of the PPR Reduced rate of duty Standard rate of duty Difference
> $130,000 to $440,000 $2,870 plus 5% of amount > $130,000 $2,870 plus 6% of amount > $130,000 Rate reduction of 1%
> $440,000 to $550,000 $18,370 plus 6% of amount > $440,000 Duty reduction of $3100

For contracts entered into from 1 January 2007 to 5 May 2008:

Dutiable value of the PPR Reduced rate of duty Standard rate of duty Difference
> $115,000 to $400,000 $2560 plus 5% of amount > $115,000 $2560 plus 6% of amount > $115,000 Rate reduction of 1%
> $400,000 to $500,000 $16,810 plus 6% of amount > $400,000 Duty reduction of $2850

Eligibility requirements

If you entered into a contract to purchase your home on or after 1 January 2007, you may be entitled to the PPR concession if you:

  • use the property as your PPR within 12 months of becoming entitled to possession of the property (which usually occurs at settlement), and
  • reside in the property for a continuous period of at least 12 months.


Where there are two or more purchasers, at least one of them must satisfy the above requirements. However, it is not necessary for the same purchaser to occupy the home for the whole 12 months. You do not have to be a first home buyer to receive the PPR concession.

If these requirements are not met, duty will be assessed at the standard rate. The Commissioner of State Revenue (the Commissioner) may exercise his discretion to vary the residence requirements where he is satisfied that there is a good reason for doing so.

Furthermore, land will not be considered to be occupied as a PPR unless there is a building on the land that, in the Commissioner's opinion, is designed and constructed primarily for residential purposes and may lawfully be used as a PPR. If you have received the PPR concession, you must notify the Commissioner in writing, of any changes in your circumstances that will result in the residence requirements not being met.

How do I apply for the concession?

For contracts entered into on or after 6 May 2008, please use Form 53B - Principal place of residence (PPR) concession and first home buyer duty reduction statutory declaration.

For contracts entered into from 1 January 2007 to 5 May 2008, please use SRO Duties Form 53 - Principal Place of Residence Concession Statutory Declaration.

PPR concession or the First Home Bonus?

If you entered into a contract on or after 6 May 2008, you are eligible for both the duty concession for a principal place of residence and the First Home Bonus (the Bonus).

If you entered into a contract on or after 1 January 2007 and before 6 May 2008, you have the choice of receiving one or the other but not both. Under these circumstances, the bonus is worth more than the maximum PPR concession (which is $2850).

PPR concession incorporated into the pensioner or first home buyer duty concession

If you are also entitled to the pensioner or first home buyer duty concession and you entered into a contract to purchase your home on or after 1 January 2007, you will automatically benefit from the PPR concession.

Related party transfers/nominations

The concession is only available to genuine purchasers for adequate consideration.  The payment of adequate consideration is an eligibility requirement for the PPR and pensioner concessions.  This ensures that duty relief is available only to purchasers who provide full consideration for a property purchased (or fractional interest purchased) and not to those who have already benefited by purchasing at a heavily discounted price or have received the property as a gift.

For all sales between related or associated parties or sales where the purchasers in the contract are different than the transferees on the transfer of land, i.e. nomination, additional evidence is required to ensure that adequate consideration has been paid.  The additional evidence, proof of payment and valuation evidence is defined in explanatory note 5 on the back of the following forms :

This document was last reviewed on 5/08/2011
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