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.
Why This Is the Correct Answer
WA gives first home buyers an exemption below one value threshold and a concessional rate up to a higher threshold, for established as well as new homes.
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