In October 2023, the Government announced the concession would be extended to eligible contracts entered into between 31 August 2023 and 30 June 2025 to purchase new residential units or apartments where development has already commenced but not yet completed. See information about this concession.
To be eligible for a rebate on the transfer duty and foreign buyers duty surcharge (if applicable):
- you must sign the contract between 4 June 2020 and 31 December 2020 (inclusive).
- the contract must be to purchase a new residential unit or apartment in a multi-tiered structure where development has already commenced but not yet completed.
- the applicant(s) must be the buyer(s) named on the contract or an eligible transferee. This includes all buyers (natural persons, corporations and trustees), including foreign buyers, who become registered on the title to the unit or apartment as an owner-occupier or an investor.
- construction must be completed within 36 months of the contract being entered into. The Commissioner considers construction to be completed when the strata plan is registered.
| Date contract entered into | Rebate amount |
|---|---|
| 4 June 2020 to 31 December 2020 | 75 per cent of the duty paid, capped at $25,000 |
The rebate amount doesn’t include penalty tax or interest amounts paid on the transaction, or any legal or other fees incurred to recover unpaid tax.
Multiple rebates can be paid to the same applicant on separate transactions for the purchase of units or apartments in the same or different developments.
When to apply for the rebate
Lodge the form below within 12 months from the date the eligible applicant is registered on the certificate of title of the unit or apartment.
You can upload and submit your application form through the Online Services Portal (under Duties Administrative Requests).
