Off the Plan unit duty exemption
The ACT Government is offering exemptions in the ACT for some home buyers planning to live in their new properties.
Off the plan units – from 27 November 2023
The following exemption applies to contracts exchanged on or after 27 November 2023:
- No duty on off-the-plan unit (for example, unit-titled apartment and townhouses) owner occupier purchases up to $800,000.
Buying ‘off the plan’ is when you sign a contract to buy a unit in a units plan before the units plan has been registered.
Off the plan units – from 1 July 2023 to 26 November 2023
The following exemption applies to contracts exchanged on or after 1 July 2023 to on or before 26 November 2023:
- No duty on off-the-plan unit (for example, unit-titled apartment and townhouses) owner occupier purchases up to $700,000.
Buying ‘off the plan’ is when you sign a contract to buy a unit in a units plan before the units plan has been registered.
Off the plan units – from 1 April 2022 to 30 June 2023
The following exemption applies to contracts exchanged on or after 1 April 2022 to on or before 30 June 2023:
- No duty on off-the-plan unit (for example, unit-titled apartment and townhouses) owner occupier purchases up to $600,000.
Buying ‘off the plan’ is when you sign a contract to buy a unit in a units plan before the units plan has been registered.
Off the plan units – from 1 July 2021 to 31 March 2022
The following exemption applies to contracts exchanged on or after 1 July 2021 to on or before 31 March 2022:
- No duty on off-the-plan unit (for example, unit-titled apartment and townhouses) owner occupier purchases up to $500,000.
Buying ‘off the plan’ is when you sign a contract to buy a unit in a units plan before the units plan has been registered.
Vacant land and off the plan units – from 4 June 2020 to 30 June 2021
The following exemptions will apply to contracts exchanged between 4 June 2020 and 30 June 2021:
- No duty on single residential dwelling blocks.
- No duty on off-the-plan unit (for example, unit-titled apartment and townhouses) owner occupier purchases up to $500,000.
Buying ‘off the plan’ is when you sign a contract to buy a unit in a units plan before the units plan has been registered. - An $11,400 duty reduction for off-the-plan unit (for example, unit-titled apartment and townhouses purchases between $500,000 and $750,000.