Under Queensland's transfer duty concessions, first-home buyers purchasing an existing home valued up to the concession threshold may receive:
Correct Answer
B) A concession reducing the amount of transfer duty payable
Queensland offers a transfer duty concession (home concession) for first-home buyers purchasing their principal place of residence. Depending on the property value, this may result in a reduced amount of transfer duty or, for properties below a certain threshold, no duty at all.
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