This Commissioner’s practice details how the Commissioner will calculate the first home owner concessional rate of duty under the Duties Act 2008 in circumstances where:
- the dutiable transaction is the purchase or acquisition of vacant land
- the parties to the transaction are:
- a person or persons eligible to receive the first home owner grant under the provisions of the First Home Owner Grant Act 2000 and
- a person or persons who are excluded from the requirement to be an eligible first home owner grant applicant under regulation 7(2a) of the First Home Owner Grant Regulations 2000 and
- the parties to the transaction intend to subdivide and partition the land resulting in one lot being owned solely by the party or parties eligible to receive the first home owner grant.
