NSW bushfire-affected residents who choose to purchase a replacement home instead of rebuilding will be able to access stamp duty relief.
NSW State government has announced a stamp duty relief package in the aftermath
of the bushfire crisis.
who purchase replacement properties instead of rebuilding, will only begin
paying stamp duty once the amount payable is over $55,000 (applicable to homes
purchased in excess of $1.25 million).
The government also noted that eligible people who have
already paid stamp duty will be able to apply for a refund.
Information on how to apply for a refund and eligibility
requirements will be available from Service NSW(external link) and Revenue NSW(external link) websites from 10 March 2020.
Find out about the
bushfire assistance available from the NSW Government(external link)
property or construction loan?
Monday, 9 March 2020