Categories for Transfer Duty Exemption

2024-25 State Budget offers welcome support for first home buyers: REIWA

16/5/2024
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2024-25 State Budget offers welcome support for first home buyers: REIWA 9 May 2024 “REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today.” REIWA CEO Cath Hart welcomed measures to support housing supply announced in the Cook Government’s first budget today, especially increased thresholds for the First Home Owner Transfer Duty Concession. “While there is no silver bullet to addressing the challenges WA’s housing market faces, we welcome the fact the...

Can a Deceased Joint Tenant Buyer Or (minor) under age of 18 – be e-settled within scope in WA?

16/1/2020
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Question: Can a Minor, or Deceased Joint Tenant Buyer – be settled within an e-settlement scope in WA? A: You may know that the Client Authorisation Form (CAF) immediately ends upon the death of that client (except in South Australia -ref https://www.arnecc.gov.au/__data/assets/pdf_file/0012/698718/MPR-Guidance-Note-1-Client-Authorisation.pdf). Office of State Revenue (OSR) using Revenue-On-Line (ROL) might have an issue with an incompletely signed substituted buyer form. Unless the surviving Joint-Tenant is able to execute for the deceased and provide the Death certificate as evidence with...

State budget changes impacting WA property

18/7/2015
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2015/16 Western Australian State Budget The Western Australian State Budget was handed down on 14 May 2015. The Budget Papers are available here. Details of the new revenue measures are provided below. Amendments to the Land Tax Scale From 2015-16, the land tax scale will be revised to: apply a flat dollar amount of $300 to taxable land with an unimproved value above the exemption threshold of $300,000 and up to $420,000; increase land tax rates (except the top rate, which...

First Home Owner Grant (FHOG) for FIFO’s

12/4/2015
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Just in case you missed it, the $3000 First Home Owner Grant was removed for eligible contracts dated from and including 3 October 2015. Here’s the run down… The good news is this only affects existing residential properties. However where eligible you should still be able to attain the ‘First Home Owner Transfer Duty Concession‘ namely Nil duty for approved First Home Owners in the price $430k and under, then scaled up to normal levels up to $530k. The ‘New Homes‘ Grant of...