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Home transfer duty concession rates

The home concession rates for transfer duty are listed in the table below.

Home concession

Home concession rates from 1 July 2008

Purchase price/value  Duty rate 
Up to $350,000 $1.00 for each $100 or part of $100
$350,001 to $540,000 $3,500 + $3.50 for every $100 or part of $100 over $350,000
$540,001 to $980,000 $10,150 + $4.50 for every $100 or part of $100 over $540,000
More than $980,000 $29,950 + $5.25 for every $100 or part of $100 over $980,000

First home concession

First home concession rates from 1 September 2008

To find out how much duty you will pay, work out the amount of duty you would pay if you were claiming a home concession and then take away the further concession amount using the table below, or use our online calculator.

Purchase price/value  Concession 
Not more than $504,999.99 $8,750
$505,000 to $509,999.99 $7,875
$510,000 to $514,999.99 $7,000
$515,000 to $519,999.99 $6,125
$520,000 to $524,999.99 $5,250
$525,000 to $529,999.99 $4,375
$530,000 to $534,999.99 $3,500
$535,000 to $539,999.99 $2,625
$540,000 to $544,999.99 $1,750
$545,000 to $549,999.99 $875
$550,000 or more Nil

First home vacant land

First home vacant land concession rates from 1 July 2009

To find out how much duty you will pay, work out the full amount of duty you would pay if you weren't claiming a concession and take away the concession amount using the table below, or use our online calculator.

Dutiable value of the first home vacant land   Concession
Up to $250,000 100 % of transfer duty
$250,000 to $259,999.99 $7,175
$260,000 to $269,999.99 $6,700
$270,000 to $279,999.99 $6,225
$280,000 to $289,999.99 $5,750
$290,000 to $299,999.99 $5,275
$300,000 to $309,999.99 $4,800
$310,000 to $319,999.99 $4,325
$320,000 to $329,999.99 $3,850
$330,000 to $339,999.99 $3,375
$340,000 to $349,999.99 $2,900
$350,000 to $359,999.99 $2,425
$360,000 to $369,999.99 $1,950
$370,000 to $379,999.99 $1,475
$380,000 to $389,999.99 $1,000
$390,000 to $399,999.99 $525
$400,000 or more No concession

Top call centre questions

I am buying a property with a home on it. On settlement, I will demolish the home and build a new one. Once the new home is built I will move into it. Am I entitled to the home concession on the home I am buying?

No. As you will not be moving into the home that you are buying, you will not be entitled to the concession.

Gary transfers a home to Linda. Linda claims the home concession. Linda then grants a life interest over the property to Gary who will live in the property. Can Gary claim the home concession?

No. The home concessions apply to dutiable transactions that are transfers or agreements to transfer a home, see section 85 of the Duties Act 2001. A life interest in the home is not a transfer or agreement to transfer a home.

Also, if Linda grants the life interest to Gary within 12 months, she may be liable for a reassessment of duty under section 153.

A father and his son buy a large property which has two homes on it. The father will live in one of the homes and his son will live in the other. Are they both entitled to claim a home concession and if so, how is the concession calculated?

Both the father and his son are entitled to the concession. The concession is calculated under section 93(2) and (4) of the Duties Act 2001.

Is there any exemption where dutiable property is transferred under a will or testamentary trust?

Yes. See section 124 of the Duties Act 2001.

Is there an exemption where a dutiable transaction is made to correct an error in a previous dutiable transaction?

Yes. See section 152 of the Duties Act 2001 and Private Ruling DA152.1—Correcting a clerical error in a previous transfer.

Is there an exemption for the retirement or appointment of a new trustee?

Yes. See section 117 of the Duties Act 2001.

Is there an exemption for the transfer of a residence between husband and wife or de factos?

Yes. See section 151 of the Duties Act 2001.