Off-the-Plan Stamp Duty Concession Examples
Coming soon. Note that the stamp duty concession applicable to off-the-plan transactions depends on a variety of factors outside of your control. These factors include the number of dwellings being built within the development, the percentage of construction to be completed after the exchange of contracts, the number of storeys and the calculation method adopted by the developer/vendor. The actual stamp duty amount cannot be accurately determined without the developer’s input and you should not rely on the figures below. The figures are not estimates or stamp duty calculations but are examples of the amount of stamp duty previously paid by purchasers. You should speak to your conveyancer 2 weeks before settlement to find out what the actual amount for stamp duty is for your off-the-plan purchase. Please note that off-the-plan concessions do not apply to newly subdivided vacant land. Please also note that for contracts entered into on or after 1 July 2017, an investor is not eligible for the off-the-plan concession.