First Home - New Home Scheme
Pic by Kloff
23 September 2011
2011 State Budget
The NSW Treasurer, the Hon. (Mike) Michael Bruce BAIRD, MP announced the following changes to State taxes and duties as part of the 2011 State Budget:
First Home – New Home Scheme
From 1 January 2012 First Home Plus STAMP DUTY exemptions and concessions will be replaced by the First Home - New Home Scheme.
The amendments provide that an agreement or transfer will only be eligible for the concession or exemption if it is for the acquisition of a new home or vacant land intended to be used as the site for a new home.
For more information and the Office of State Revenue’s frequently asked questions visit:
http://www.osr.nsw.gov.au/benefits/first_home/faqs/new_home/
2011 State Budget
The NSW Treasurer, the Hon. (Mike) Michael Bruce BAIRD, MP announced the following changes to State taxes and duties as part of the 2011 State Budget:
First Home – New Home Scheme
From 1 January 2012 First Home Plus STAMP DUTY exemptions and concessions will be replaced by the First Home - New Home Scheme.
The amendments provide that an agreement or transfer will only be eligible for the concession or exemption if it is for the acquisition of a new home or vacant land intended to be used as the site for a new home.
For more information and the Office of State Revenue’s frequently asked questions visit:
http://www.osr.nsw.gov.au/benefits/first_home/faqs/new_home/