Conveyancing and Property Lawyers Sydney Solicitors

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Selling a property

First home buyers

Gain up to $10,000

Stamp duty exemption

Save up to $17,990

Stamp duty exemption/concession

We can help you claim your NSW stamp duty exemption or concession, just like we have helped many of our other clients claim their exemption or concession.

Eligible first home buyers are:

1. exempt from paying stamp duty on home purchases up to $500,000.00 in value. For purchase of properties betwen $500,000 and $600,000.00 in value eligible first home buyers gain concessions on stamp duty. The stamp duty exemption applies to purchases of existing properties where exchange of contracts occurs on or before 31 December 2011. The exemption/concession also applies to the purchase of new properties where contracts are exchanged for the purchase of those properties on or after 1 January 2012 (subject to further government legislation), and

2. exempt from paying stamp duty on vacant land purchases up to $300,000.00 in value. For purchase of vacant land between $300,000 and $450,000.00 in value eligible first home buyers gain concessions on stamp duty.

You may save up to about $17,990 if you are an eligible first home buyer. The NSW Government has set the conditions for eligibility and we can help you claim your exemption or concession and will discuss your eligibilty with you. You should check your eligibility for the stamp duty exemption/concesion before exchange of contracts

You could be eligible if you are ...

  • An individual or a couple buying or building your first home,
  • An Australian citizen or permanent resident,
  • have all the proof of identification required for the application, and
  • Entering into a binding contract to buy or build a new home after 1 July 2000 (owner-builders who started building a home after 1 July 2000 are also eligible).

For more information download this factsheet:

First Home Benefits

You should ensure, before exchange of contracts, that you do meet the conditions of obtaining the FHOG. You should also ensure, before exchange of contracts, that you do meet the conditions of obtaining, any stamp duty exemption or concession. If you do not ensure that you meet the conditions before exchange of contracts then you may not be eligible for the benefits. If you would like to discuss this issue please telphone us.

For more detailed information on how you can benefit contact us on 02 9232 0050.

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Phone:02 9232 0050

 

 

 

 

 

 

 

 
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