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Under WA transfer duty rules, what concessions are available to first home buyers purchasing an established home?

Correct Answer

C) An exemption or reduced rate of duty where the price is under set thresholds

WA offers first home buyer transfer duty concessions for established homes, including exemptions for properties below a certain value threshold and concessional rates for properties up to a higher threshold. The thresholds are set by the WA government and may change over time.

Answer Options
A
No concessions, because first home duty relief applies only to newly built homes
B
A full exemption from transfer duty, however high the purchase price may be
C
An exemption or reduced rate of duty where the price is under set thresholds
D
A flat 50% rebate of the duty payable, whatever the value of the home bought

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Related Topics & Key Terms

Key Terms:

transfer duty concessionsfirst home buyervalue threshold
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