ACT REVENUE – STAMP DUTY CONCESSION
The ACT Government is offering stamp duty concessions in the ACT for some home buyers planning to live in their new property. The following concessions will apply to contracts exchanged between 4 June 2020 and 30 June 2021:
> No Stamp Duty on purchases up to $500,000
> An $11,400 reduction in Stamp Duty on purchases between $500,000 – $750,000
Owner-Occupiers must meet the below criteria:
> Exchange contracts before 30th June 2021
> At least one buyer on the sales contract must reside in the property within the first 12 months of settlement for at least a 12 month period
> No income threshold applies
To find out more and see if you’re eligible, visit the Revenue ACT website >