RZ1 Unit Duty Exemption Scheme

The Territory Plan 2023 will allow 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 to 30 June 2026, the ACT Government is offering a duty exemption for the first transfer of unit titled properties on RZ1 blocks 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; 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:

• Taxation Administration (RZ1 Unit Duty Exemption Scheme) Determination 2023 (DI2023-279)

Questionnaire

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