First Home Buyers
The NSW Government has announced stamp duty changes for first home buyers that will apply from 1 August 2020 – 31 July 2021. Please see below:
There are some other instances where stamp duty is not payable, for example, in the event of a breakup of a marriage where the property is transferred from both parties to the other party. Further, an exemption from duty may apply where a transfer of residential land is between a married couple or de-facto partner ad the property being transferred is the family home.