Off The Plan Duty Concession – Devil is in the Detail
Tax Law: 03 November 2025
In Victoria, there is a patchwork quilt of overlapping concessions in relation to duty payable on real estate depending on the date that a contract of sale was signed, whether a property is purchased off the plan (OTP) and if so, whether there is or is not common property on the plan of subdivision and whether the purchaser is a first home buyer or, if not, otherwise a purchaser of a principal place of residence.