NSW Stamp duty - FHBA thresholds updated
13/08/2021 - 0 comments
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New homes valued less than $650,000 will be eligible for a transfer duty exemption. New homes valued between $650,000 and $800,000 will be eligible for a concessional rate of duty;
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Vacant land valued less than $350,000 will be eligible for a transfer duty exemption. Vacant land valued between $350,000 and $450,000 will be eligible for a concessional rate of duty;
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Existing home thresholds remain unchanged.
- Property type (e.g. Private home - new, Vacant land)
- Eligible for Stamp Duty Reduction (under the First Home Buyers Assistance section)
In addition, as there are different duty thresholds applicable dependent on the Exchange Date – please ensure this has been entered inCalendar & Tasks, so thatStamp duty payable as well as eligibility for the FHBA concession/exemption displays correctly in your Conveyancing & Property matters.
The relevant rates will apply based on theExchange Dateentered – please ensure this has been entered inCalendar & Tasks, so thatStamp duty payabledisplays correctly in your Conveyancing & Property matters.
Stamp duty calculations are also available in our Quick Calculators (located in the main Menu > Other > Tools) - this tool can be utilised when wanting to do quick estimations of stamp duty payable for a potential property transaction.
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