First home owner exemptions and concessions — first home owner with family

Circumstances/Transactions:

First home owners with family exemption or concession.

For contracts entered into on or after 6 May 2008.

Full exemption – value of house and land does not exceed $150,000.

Partial exemption – value of house and land does not exceed $200,000.

First home owners with at least one or more dependent children under 18 years of age living with them may be eligible for a full or partial exemption or refund of duty.

Note: You must apply for a refund within 5 years of payment of the duty.

Evidence:

1. Transfer of Land.
2. Digital Duties Form.
3. Contract of Sale.