NSW extends stamp duty relief
February 18, 2021
The NSW Government has extended stamp duty relief for eligible purchasers until 31 July 2021. Under the temporary changes the cap on the value of new homes at which stamp duty exemptions apply increased from $650,000 to $800,000, with concessional duty applied on higher values before phasing out at $1 million.
For vacant land purchases, the threshold for an exemption increased from $350,000 to $400,000 with concessional duty rates applying on purchases up to $500,000.