The Pre-Construction Grant for Off-the-Plan Apartments applied to eligible contracts entered into between 22 June 2017 and 30 September 2017.
Purchasers who entered into an eligible off-the-plan apartment contract between 22 June 2017 and 30 September 2017 may have been eligible to receive a $10,000 grant. The grant was paid after settlement upon application.
To be eligible for the grant the contract must have been entered into before construction of the apartment complex commenced (this equates to stage 1 of the off-the-plan stamp duty concession scheme included in the Stamp Duties Act 1923).
All other eligibility criteria applying to the off-the-plan stamp duty concession scheme included in the Stamp Duties Act 1923 also applied to the grant, including that the grant was not available to foreign purchasers.
How were applications for the grant made?
An Application for the Pre-construction Grant for an Off-the-plan Apartment along with a completed Application for Stamp Duty Concession on the Purchase of an Off-the-plan Apartment were required to be lodged with RevenueSA.