Owner occupier duty concession
- No stamp duty on single residential dwelling blocks.
- No stamp duty on off-the-plan unit (unit-titled apartment and townhouses) purchases up to $500,000.
- An $11,400 stamp duty reduction for off-the-plan unit (unit-titled apartment and townhouses purchases between $500,000 and $750,000.
Eligibility requirements include:
- Contracts must be signed and exchanged from 4 June until 30 June 2021.
- at least one buyer must live in the home continuously for at least one year, starting within 12 months of settlement or completion of construction.
- the concessions relating to off the plan ‘units’ refer only to unit-titled apartments or townhouses.
- the concession relating to ‘single residential dwelling blocks’ mean the land must be vacant when you purchase it, and the land title must only allow one residence/house to be built on the land.
How to claim?
If you're eligible, to claim the owner occupier concession you will need to reference the concession code number shown on your completed questionnaire on the Buyer Verification Declaration before you register the title transfer with Access Canberra in Dickson. You do not need to give us any other documents at this time.
If you do not claim the owner occupier concession code number on the Buyer Verification Declaration before you register your transfer, you can submit a late claim using the Application for concession, exemption or correction of duty after registration of title form. When we receive your claim, we will issue you a notice of reassessment with the concession applied.
What happens next?
We'll issue you a Notice of Assessment for duty with the concession applied. You do not have to take any further action, unless your circumstances change, in which case you will need to notify our office.
After you’ve received your assessment, we may contact you to verify your eligibility for the concession. For example, we may require you to give us copies of any documents that support your eligibility, or we may ask you to prove your residency at the home. You need to keep copies of your supporting documents for at least five years after the transaction date.
We review claims and conduct investigations into the owner occupier concession on an ongoing basis.