Pensioner duty concession scheme and deferral
The Pensioner Duty Concession Scheme (PDCS) assists eligible pensioners who own a residential home, to move to accommodation more suited to their needs – for example, moving from a house to a townhouse by reducing the conveyance duty payable on their purchase of a residential home or residential vacant land.
The PDCS will be extended to 30 June 2021 however the property thresholds will change.
For transactions entered between 1 July 2019 and 30 June 2020, eligible pensioner who receive a partial duty concession may also be eligible to defer any remaining duty payable if they have at least 75 per cent equity in the property they purchase.
To determine your eligibility for the PDCS you can complete the questionnaire below or for further information visit Pensioner duty concession scheme.