The Home Builders Bonus is available for purchases made before 1 July 2012.
The NSW Home Builders Bonus (HBB) applied only to new homes or vacant land purchased between 1 July 2010 and 30 June 2012.
It offered exemptions and concessions on transfer duty based on the value of your property when you bought it and was available for:
There was no limit to the number of new homes a person could apply for under the HBB.
|Property||Concession or exemption|
|Vacant land and off-the-plan purchases where building hadn’t commenced||Full transfer duty (stamp duty) exemption|
|Completed homes or off-the-plan purchases where building was underway||Partial concession of 25 per cent of duty applied|
To qualify, your property had to be
For vacant land, you must have
People over 65 years old who were selling their current home and purchasing a new home they then occupied as their main home were entitled to a full exemption under the Duties Amendment (Senior's Principal Place of Residence Duty Exemption) Act 2011.
To receive the Senior's Principal Place of Residence Duty Exemption, you must have
You must also have
This exemption also does not apply to contracts entered after 1 July 2012.
While the HBB was not available for transfers entered into before 1 July 2010, it is available for agreements replacing an agreement that qualified under this scheme, so long as
To apply for the HBB or the Senior's Principal Place of Residence Duty Exemption download and complete a NSW Home Builders Bonus application form (ODA 065).
You’ll find all the information you need in the form, including which supporting documents you need to provide.
For homes bought off the plan where construction had already commenced, you will need to complete an ‘Off the Plan' Purchases form (ODA 014).
You can submit your application online using our electronic duties return tool or in person at our Parramatta office.