First home concession eligibility tester

You may be able to claim a transfer duty concession if you are acquiring your first home, or vacant land on which you intend to build your first home. Companies cannot claim the first home and vacant land concessions.

Note that because the concessions are calculated on the value of the property, you will not receive the benefit of the first home:

  • vacant land concession if the value of the vacant land is $400,000 or more
  • transfer duty concession if the value of the residential land is $600,000 or more.

Use the decision tree below to determine if you are eligible for the first home or vacant land transfer duty concessions.

Note: This eligibility tester is designed to help you determine if you are eligible for a concession; however, it does not replace the formal application and assessment process.

Begin at question 1

Question 1

You are acquiring an interest in the property as…

Question 2

Have you ever held an interest in residential land anywhere in the world?

Note: This does not include as trustee for another person, a security interest, or as a lessee.

Question 3

Have you ever received a first home vacant land concession before?

Question 4

Are you under 18 years of age?

  • Yes

    Applicants who are under 18 can only claim a concession if all the following apply:

    • they meet the other eligibility criteria
    • we are satisfied that the transaction is not part of a scheme to avoid transfer duty.

    You must apply to us so we can determine if you are eligible for a concession, even if the eligibility tester indicates that you can claim a concession.

    Go to question 5

  • No

    Go to question 5

Question 5

The property is…

Question 6

Will you occupy the home as your principal place of residence within 1 year of the transfer date?

Question 7

Are you purchasing the home with other individuals?

  • Yes

    Each eligible person acquiring an interest in the property must apply separately for the concession.

    Transfer duty will be calculated on the collective claims of the individuals. The full rate of duty will apply to the interest of any person who is not claiming a concession.

    Note: Only 1 liability amount will result from any assessment. We cannot provide a separate liability for each individual’s interest.

    Go to question 8

  • No

    Go to question 8

Question 8

Will you use any part of the home or surrounding land for a non-residential purpose?

Question 9

Will the residence constructed on the vacant land be your first home?

Question 10

Do you intend to build and move into your home within 2 years of the transfer date?

Question 11

Was there a building or part of a building on the land when it was acquired?

Question 12

Will you construct only 1 residence on the vacant land?

Question 13

 Are you purchasing the land with other individuals?

  • Yes

    Each eligible person acquiring an interest in the property must apply separately for the concession.

    Transfer duty will be calculated on the collective claims of the individuals. The full rate of duty will apply to the interest of any person who is not claiming a concession.

    Note: Only 1 liability amount will result from any assessment. We cannot provide a separate liability for each individual’s interest.

    Go to message 27

  • No

    Go to message 27

Question 14

Is the trust acquiring the land a discretionary or unit trust?

Question 15

Are all the beneficiaries of the trust under a legal disability?

Question 16

Have any of the beneficiaries ever held an interest in residential land anywhere in the world?

Note: This does not include as trustee for another person, a security interest, or as a lessee.

Question 17

Have any of the beneficiaries ever received a first home vacant land concession before?

Question 18

The property is…

Question 19

Will all the beneficiaries occupy the home as their principal place of residence within 1 year of the transfer date?

Question 20

Will any part of the home or surrounding land be used for a non-residential purpose?

Question 21

Will all the beneficiaries occupy the constructed home as their principal place of residence within 2 years of the transfer date?

Question 22

Was there a building or part of a building on the land when it was acquired?

Question 23

 Will only 1 residence be constructed on the land?

Message 24

Based on the information you provided, you are not eligible for the concession. Transfer duty will be assessed at the full rate.

Our transfer duty calculator can help you determine the amount you will pay.

 

Message 25

Based on the information you provided, you are eligible for the first home concession.

Complete a Form 2.1—Claim for first home transfer duty concession (PDF 415 K) to apply for the concession.

Our transfer duty calculator can help you determine the amount you will pay.

Note: You will lose the concession if you:

      ●  do not occupy the home as your principal residence within 1 year of the transfer
          or acquisition date

         or

      ●  dispose of all or part of the land or home (by transferring, leasing, surrendering
          the lease or granting exclusive possession in another way)

               ○  before occupying the residence

                   or

               ○  within 1 year of occupying it as your home.

Certain exceptions apply.

You must lodge a completed Form 2.4—Notice for reassessment of transfer duty home and vacant land concessions with the original stamped documents, within 28 days of becoming ineligible.

See Public Ruling DA085.1—Concession for first homes—occupancy requirements for more information. 


Message 26

Based on the information you provided, you are eligible for a first home concession on the part of the land that you will use for residential purposes. Land used for other purposes is assessed at the full rate. 

Complete a Form 2.1—Claim for first home transfer duty concession (PDF 415 K) to apply for the concession.

Our transfer duty calculator can help you determine the amount you will pay.

Note: You will lose the concession if you:

      ●  do not occupy the home as your principal residence within 1 year of the transfer
          or acquisition date

         or

      ●  dispose of all or part of the land or home (by transferring, leasing, surrendering
          the lease or granting exclusive possession in another way)

               ○  before occupying the residence

                   or

               ○  within 1 year of occupying it as your home.

Certain exceptions apply.

You must lodge a completed Form 2.4—Notice for reassessment of transfer duty home and vacant land concessions with the original stamped documents, within 28 days of becoming ineligible.

See Public Ruling DA085.1—Concession for first homes—occupancy requirements for more information. 


Message 27

Based on the information you provided, you are eligible for the first home vacant land concession.

Complete a Form 2.7—Claim for transfer duty concession first home vacant land (PDF 585 K) to apply for the concession.

Our transfer duty calculator can help you determine the amount you will pay.

Note: You will lose the concession if you:

      ●  do not occupy the constructed home as your principal residence within 2 years
          of the transfer or acquisition date

         or

      ●  dispose of all or part of the land or home (by transferring, leasing, surrendering
          the lease or granting exclusive possession in another way)

               ○  before occupying the residence

                    or

               ○  within 1 year of occupying it as your home.

Certain exceptions apply.

You must lodge a completed Form 2.4—Notice for reassessment of transfer duty home and vacant land concessions with the original stamped documents, within 28 days of becoming ineligible.

See Public Ruling DA085.1—Concession for first homes—occupancy requirements for more information.

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Last reviewed 6 February 2012