First Home Buyer Choice

If you're an eligible first home buyer, you have the choice to pay an annual property tax instead of stamp duty. 

If you signed a contract of purchase between 11 November 2022 and 15 January 2023, you can claim a refund of the stamp duty paid through the Revenue NSW website until 30 June 2023.

Use the First Home Buyer Choice calculator to help make an informed choice. The calculator is for informational purposes only and does not replace financial or legal advice. 

For more information, refer to First Home Buyer Choice and First home buyer grants and assistance.

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Stamp duty, or transfer duty, is a tax imposed by state and territory governments on transactions such as:

  • motor vehicle registrations and transfers
  • insurance policies
  • mortgages
  • the sale and transfer of real estate, businesses and certain shares.

The amount payable can vary depending on the state or territory, and is also known as transfer duty or general duty.

If you'd like to calculate the duty payable on land or a business you've purchased, you can do this online.

What you need

  • execution date (contract exchange date of the property or business)
  • purchase price or valuation price of the property or business.

How to check

  1. Select the 'Check online' button.
  2. Complete the form.
  3. Select 'Calculate'.

More information

The purchaser is liable to pay the stamp duty, and it must be paid within 3 months of the liability arising. For example, if you're purchasing an existing property (not 'off the plan'), your liability will arise when the contract of sale has been exchanged.

For 'off the plan' property sales, liability will arise as soon as one of the following has taken place:

  • completion of the agreement
  • the assignment of the whole or any part of the purchaser's interest under the agreement
  • 12 months have passed since the date of the agreement.

Depending on the nature of the transaction, certain concessions and exemptions may be available. For further information, please visit Revenue NSW.

Last updated: 11 November 2022
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