Apply for a young farmer duty exemption or concession

Background information

A one-off duty exemption and concession is available for young farmers under 35 who buy their first farmland property valued at $750,000 or less.

You must choose between this exemption and concession and the principal place of residence (PPR) concession. If you don’t choose, you will automatically receive the PPR concession.

Before you start, check your eligibility and the conditions that apply to the young farmer duty exemption or concession.

Step 1: Gather required information

If you are an eligible young farmer, you need to provide specific information including:

• your personal and business details
• contract details and details for the transferee and transferor
• a description of primary production and any water entitlements
• disqualifying interests of you or your partner/spouse.

You must also provide these supporting documents:

• a copy of the contract of sale
• for transfers between related parties, evidence of the value of the dutiable property such as:
  • a letter of appraisal from a licensed real estate agent and a copy of the rate notice, or
  • a valuation from a certified practising valuer, who is a member of the Australian Property Institute, or a member of the Real Estate Institute of Victoria, who has sworn valuer accreditation
• a copy of duly stamped trust deeds together with any subsequent amendments if the transaction involves a trust.

Step 2: Complete your Digital Duties Form

A conveyancer or solicitor will complete the Digital Duties Form in Duties Online. 

They can create a form under the 'Create' tab.

Next steps

We will contact you if we need more information.

If you receive the exemption or concession and your circumstances change so that you no longer meet the primary production or PPR criteria, you must notify us within 30 days of the change.