Changes have been introduced into RevenueSA Online to allow you to submit an application for stamp duty relief for eligible first home buyers.

You will need to lodge the application along with the land transfer for assessment by the Commissioner of State Taxation. The transaction cannot be self-determined as a review of eligibility is required and you will not have access to all relevant information.

Guidance is provided below on the changes when you lodge a document for assessment and choose ‘conveyance of land’ as your document type:

Details tab:

• You will now see a checkbox option for stamp duty relief for eligible first home buyers. If your clients wish to apply please select this checkbox and confirm if the transfer is for a new home or vacant land. You will also be asked if the applicant is also applying for the first home owner grant (FHOG).
• You must ensure that either the contract date or transfer date field is completed on this screen. If the date entered is before 15 June 2023 you will receive an error message as your client will not be eligible for stamp duty relief. If this is the case you should exit the Opinion Detail screen and self-determine the transfer.

Determination tab:

• In the Assessment Estimate section, you will need to enter the consideration and/or the market value. This is mandatory for this section. If you enter a value greater than $700,000 for a new home, or $450,000 for vacant land, an error message will appear as relief does not apply. If this is the case you should exit the Opinions Details screen and self-determine the transfer.

If you do exit the Opinion Details section and self-determine a transaction not eligible for stamp duty relief, you may wish to delete the Document ID so it does not remain in your drafts.

• The Assessment Estimate section will reflect stamp duty, and if applicable foreign ownership surcharge, that applies before relief is approved. If approved, relief will be applied after the application is assessed.

Documentation tab:

• Another new step you will need to do is to add the email address for the applicants on the Documentation screen. RevenueSA will email the applicants a confirmation letter advising if stamp duty relief has been applied and outlining the residential requirements they must meet to retain the relief. As the lodging party you will receive a copy of this.
• You may also notice a new category when you upload the supporting documentation called ‘stamp duty relief for eligible first home buyers application’, please select this to upload the application. It is recommended you upload a copy of the contract to purchase. Proof of identity and citizenship evidence can be uploaded as ‘supporting documentation’.

Once lodged, RevenueSA’s stamp duty assessors will review the application and apply relief if it is granted. If more information is needed, a requisition will be issued to you, the lodging party.

The stamp duty notice of assessment will show the stamp duty that would normally apply, the foreign ownership surcharge (if applicable) and the relief applied. The assessment will reflect zero payable when full relief is applied. If partial relief is provided, there will be an amount payable.

As with any lodgement for assessment, once the notice of assessment is issued you can log on to RevenueSA Online to pay the assessment, if there is any stamp duty payable, and create a certificate of stamp duty.