The Off-the-Plan Duty Concession is a transfer duty (stamp duty) concession available in Western Australia for eligible purchasers who buy a new residential property before construction is completed. The concession is designed to encourage housing development and reduce the upfront costs of purchasing newly built apartments, units, townhouses, and certain strata properties.

Depending on when the contract was signed, the stage of construction, and the purchase price, buyers may be entitled to a significant reduction in transfer duty, with some eligible purchases receiving up to a 100% concession (subject to applicable thresholds and concession caps). The concession may apply to both owner-occupiers and investors.

Eligibility requirements vary and generally consider:

• The date the contract was entered into;

• Whether the property was purchased pre-construction or during construction;

• The type of strata or eligible development;

• The dutiable value of the property; and

• Compliance with RevenueWA's concession criteria.

Applications are lodged with RevenueWA and supporting documentation may be required as part of the duty assessment process. Where eligible, the concession can substantially reduce the amount of duty payable at settlement.

At Ing Settlements, we can assist with assessing eligibility, preparing the required documentation, and lodging your Off-the-Plan Duty Concession Application to ensure any available concession is correctly applied as part of your settlement.