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

Correct Answer

C) A reduced rate of transfer duty or exemption for properties below certain value 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 exist for established home purchases
B
A full exemption from transfer duty regardless of the purchase price
C
A reduced rate of transfer duty or exemption for properties below certain value thresholds
D
A 50% rebate on transfer duty for all properties

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Related Topics & Key Terms

Key Terms:

transfer duty concessionsfirst home buyervalue threshold
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