Stamp duty relief for eligible first home buyers was recently introduced in the 2023 State Budget.

An eligible first home buyer may receive relief that will:

• reduce their stamp duty to zero if the value of the new home is $650,000 or less (or $400,000 for vacant land); or
• partially reduce their stamp duty if the value of the new home is between $650,001 and $700,000 (or $400,001 and $450,000 for vacant land);

and applies if the contract to purchase was entered into on or after 15 June 2023.

RevenueSA invite you to join one of our webinars. Separate webinars are being held for first home buyers and tax professionals.

First Home Buyers

Caught up in the excitement of buying your first home? If you are building a home or buying a new home, did you know you may be eligible for the first home owner grant and/or stamp duty relief? These may also apply if you are buying vacant land that you plan to build your home on.

RevenueSA invites you to join a first home buyer webinar. The webinar will provide you with information about the first home owner grant and stamp duty relief. We will also cover some other state taxes, duties and levies that apply to home ownership.

Two session times available:

• 6 pm to 7 pm, Monday, 31 July 2023
• 12:30 pm to 1:30 pm, Wednesday, 9 August 2023

Register via our Customer Education page.

Tax Professional

If you are a conveyancer or solicitor that represent first home buyers, join us for a webinar to discuss eligibility criteria, supporting documentation required, submitting for assessment with RevenueSA and how the foreign ownership surcharge (if applicable) will apply.

• 2:30 pm to 3:30 pm, Monday, 31 July 2023
• 5 pm to 6 pm, Wednesday, 2 August 2023

Register via our Customer Education page.