First home owner with dependent child exemption or concession

Eligible properties

As a first home owner with a family, you may be entitled to a duty exemption (pay no duty) or duty concession (pay a reduced amount of duty) when you buy a property.

• The exemption applies if the dutiable value of that property is $150,000 or less.
• A concession applies if the dutiable value of your property is $200,000 or less.

Purchaser requirements

To receive this exemption or concession, you must:

• buy the land or property for market value and intend to live in the home as your principal place of residence (PPR)
• have a dependent child at the date of either:
  • the contract of sale, or within 11 months of that date if there was a home on the land when the contract of sale was entered into, or
  • the building contract or the date on which building commenced, whichever is the earlier, or within 11 months of that date if there was no home on the land when the contract was entered into
• not have previously owned a home anywhere in Australia which was used as your PPR.

A dependent child is a child under 18 who is in your care, custody and control and ordinarily lives with you.

If you bought the home with your spouse or partner, you must both be eligible.

If you believe you are eligible, please contact us on 13 21 61.

If you are eligible for the family concession, you will automatically benefit from the duty concession for a PPR.

You may also be entitled to the first home buyer duty exemption or concession.

House and land values

If there was a home on the land at the time of the contract, the dutiable value is the higher of the purchase price or the market value of the home and land.

If there was no home on the land when the contract was signed and a home is built on the land before the transfer or within 3 years after the transfer, the relevant value includes:

• the purchase price or the market value of the land, whichever is higher
• the cost of building the home.

The family exemption or concession applies on completion of the home. If you have paid duty on the transfer, you will receive a refund if the home is constructed within the 3-year period.

Apply for a first home owner with dependent child exemption or concession