The Off-the-Plan Duty Rebate Scheme provides a rebate of the duty paid on eligible unit and apartment purchases in multi-tiered developments if the contract to purchase the property was entered into before construction commenced. The contract must be dated between 23 October 2019 and 23 October 2021.
The rebate will be provided once construction is complete. Apply within 12 months from the date you or an eligible transferee is registered on the certificate of title.
The rebate amount is 75 per cent of the total duty paid, capped at $50,000.
The rebate applies only to the transfer duty and foreign transfer duty (if applicable) paid on a transaction. It does not apply to any penalty tax or interest amounts paid on the transaction, or any legal or other fees incurred to recover unpaid tax. Multiple rebates can be paid to the same applicant on the purchase of separate units or apartments either in the same or different developments. A separate application must be made for each transaction.