Stamp duty concession for owner-occupiers
The ACT Government is offering stamp duty concessions in the ACT for some home buyers planning to live in their new property.
The following concessions will apply to contracts exchanged between 4 June 2020 and 30 June 2021:
- 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.
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 stamp duty reduction for off-the-plan unit (unit-titled apartment and townhouses purchases between $500,000 and $750,000.