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The new First Home Buyers Assistance Scheme commenced 1 July 2017.
The exemption for first home buyers applies to contracts executed on or after 1 July 2017 for properties up to $650,000.
Stamp duty concessions apply for properties valued between $650,000 and $800,000.
This exemption applies to new and existing homes purchased by first home buyers.
If you are thinking of purchasing or selling a property please contact our Andrew Frank or email us at info@franklegal.com.au
This article is provided to the reader for general information. It is not legal advice. It was written by Reegina Moteea and edited by Andrew Frank.
foreign residential capital gains withholding frcgw
Keywords: purchasing, stamp duty, exemption