RZ1 Unit Duty Exemption Scheme

The Territory Plan 2023 allows dual occupancy developments on residential suburban zoned blocks (RZ1) of 800m2 with a modest second dwelling of 120m2 (excluding the garage). The block can then be unit titled under the Unit Titles Act 2001 to allow the second dwelling to be individually sold.

From 27 November 2023 until 30 June 2026, the ACT Government is offering a duty exemption for the first transfer of unit titled properties on RZ1 blocks up to a prescribed dutiable value that have been newly subdivided under the Unit Titles Act 2001.

From 1 July 2025 to 30 June 2026

The RZ1 unit duty exemption for the first transfer of unit titled properties on RZ1 blocks is available for those with a dutiable value of $1,020,000 or less that have been newly subdivided under the Unit Titles Act 2001.

Eligibility requirements include:

Before 1 July 2025, the eligibility requirements and concessional duty for transactions between:

From 1 July 2024 to 30 June 2025, the duty exemption for the first transfer of unit titled properties on RZ1 blocks is available for those with a dutiable value of $1,000,000 or less that have been newly subdivided under the Unit Titles Act 2001.

Eligibility requirements include:

  • the RZ1 block is subdivided under unit title on or after 27 November 2023;
  • the transaction must be the first transfer of the RZ1 unit (being either of the units on the block) after registration of the units plan for the property;
  • contracts must be signed and exchanged on or after 1 July 2024 to on or before 30 June 2025; and
  • the dutiable value of the unit must be $1,000,000 or less.

From 27 November 2023 to 30 June 2024, the duty exemption for the first transfer of unit titled properties on RZ1 blocks was available for those with a dutiable value of $800,000 or less that have been newly subdivided under the Unit Titles Act 2001.

Eligibility requirements include:

  • the RZ1 block is subdivided under unit title on or after 27 November 2023;
  • the transaction must be the first transfer of the RZ1 unit (being either of the units on the block) after registration of the units plan for the property;
  • contracts must be signed and exchanged on or after 27 November 2023 to on or before 30 June 2024; and
  • the dutiable value of the unit must be $800,000 or less.

Reference Material

Further information on the RZ1 Unit Duty Exemption can be located using the information below:

Questionnaire

To determine your eligibility and apply for these exemptions, complete the online questionnaire.

All concessions and exemption applications at the ACT Revenue Office are self‑assessed. You are obligated to ensure that all the eligibility criteria have been met (or will be met) before applying for any concession or exemption code in the Buyer Verification Declaration.

You should undertake your own inquiries into the eligibility requirements. This may include obtaining information from this website, legislation, or independent professional advice.