Heads up property buyers out there that are either pensioners or first home buyers. It has recently been announced (quietly) that if you are a pensioner that has sold your existing home and purchased another home after February the 10th 2018 and the purchase price is under $400,000, you are eligible for a 50% discount on your stamp duty.
Requirements for Pensioners:
– Must be aged 60 or over
– Hold a pension concession card
– Receive a DVA special rate pension
– Hold a commonwealth seniors health card
Must have occupied the former home for a minimum of 6 months
Intend on living in the new home for 6 months and commence within 12 motnhs after purchase
Must ensure the new home is is in the same name as the former home prior to transfer
The eligible pensioner must only owner the former home or new home on date of transaction
If you are a first home owner, you are also entitled to a concession of a similar nature. If you have purchased your first home and it was after the 7th of Feb 2018, the price of the home was under $400,000 makes you eligible for a 50% discount also.
Requirements For First home Owner
Must not be a company
Over the age of 18
Australian citizen or resident – one on the application must meet this criteria
You or spouse must not of owned a home before in Australia
Must Live in home for at least 6 months commencing within 12 months of ownership
You must not of received a first home owners grant or the duty concession previously.
If you have purchased a property early February in Tasmania, you may well be eligible and to find out more, please contact myself or simply follow the link for further information
How to apply