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Additional Concessions
_
Various State
and Territory Revenue Offices provide additional concessions
regarding Stamp Duty. Select your State or Territory Revenue
Office from the links provided to determine any available
concessions that may apply to you.
On 9 March
2001, the Commonwealth Government announced an additional $7,000
grant where a first homeowner builds their first home or
purchases a new, but previously unoccupied home. On 9 October
2001 the Prime Minister announced variations to the terms and
conditions of this additional grant, which ceased on 31 December
2001. As from 1 January 2002 until 30 June 2002 inclusive, the
additional grant was reduced to $3,000.
|
Additional Grant Amount |
$7,000 |
$7,000 |
$3,000 |
|
Date
contract signed /
building
commencement |
9/3/2001
-
8/10/2001 |
9/10/2001 -
31/12/2001 |
1/1/2002
-
30/6/2002 |
|
Period
after contract signed in which
construction must commence |
16 weeks |
26 weeks |
26 weeks |
|
Period
after commencement that
construction must be completed by |
12
months |
18
months |
18
months |
|
Date by
which construction must be
completed (Owner builder, Off-the-plan only) |
30/4/2003 |
31/12/2003 |
30/6/2004 |
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