Transfer Duty Concession Information
Office of State Revenue – Concession Information
As you are purchasing property in Queensland, you may be eligible to obtain a concession on your transfer duty (formerly known as stamp duty).
Generally, a home concession on your transfer duty can be claimed if you purchase the property as an individual and occupy the property within 1 year of the transfer date of the property. There are other conditions which must be met, including that you must not dispose of the property (i.e sell or rent) either before you occupy it as your home, or within the first 12 months after you have begun occupation).
A vacant land concession generally requires that you must not have owned an interest in a residence anywhere in the world before and that you are buying the vacant land for under $400,000, at market value, to build a house on which you intend to occupy within 2 years of the transfer date. (Again, there are other conditions which must be met, including that you must not dispose of the property (i.e sell or rent) before you occupy it as your home, and you must be a natural person and not acting as trustee).
For further information regarding transfer duty and concessions, we direct you to the Queensland Treasury’s website, in particular, you may find the ‘Transfer Duty and first home buyer grants estimator‘ useful as it provides an online estimation of your transfer duty and whether a grant applies.
If you are eligible and wish to apply for the first home/home concession, the Form D2.1 should be completed, printed, executed and the original returned to our office. If you are eligible and wish to apply for the first home vacant land concession, the Form D2.7 should be completed, printed, executed and the original returned to our office. Please be aware that you will need to execute the documents in front of a qualified witness (Solicitor, Justice of the Peace or Commissioner for Declarations).
Our office is able to assist you with the printing and witnessing of these documents if you prefer, so please telephone our office at your convenience on 07 5563 8970 to arrange a suitable appointment time.
Click the below link to download/print the Form D2.1 or D2.7:
If you do not understand the contents of the documents, or require further clarification on any information contained therein, please do not hesitate to contact one of our friendly team members on 07 5563 8970.