Are you a pensioner considering downsizing your home? If so, you could be eligible for a duty discount. The Government is offering a 50% duty discount to eligible pensioners that sell their existing home and downsize to a home or unit at a lower cost of up to $400,000. Please note that this initiative has been extended, and now has an expiry date of 30 June 2019.
To qualify for this initiative:
The purchaser of the property must:
This incentive is available from 10 February 2018 to 30 June 2019. This is an extension from the original expiry date of 9 February 2019.
More information is available on the State Revenue Office website.
For general enquiries, email email@example.com, call (03) 6166 4400 or 1800 001 388 (weekdays, 9:00am – 5:00pm).