Legislation changes for transfer duty and payroll tax

• Transfer duty
  • From 1 May 2025, first home buyers who enter into a contract to purchase a new home to live in (or vacant land on which to build a home to live in) will be able to apply for a full transfer duty concession (reducing the duty to nil).
  • From 6 December 2024, recipients of the home concessions will be allowed to rent part of their property during the 1-year occupation period and keep the full benefit of this relief.
• Payroll tax
  • From 1 December 2024, wages paid by medical practices to general practitioners are exempt from payroll tax.

Find out about:

• Transfer duty
• Home concessions
• Payroll tax
• Payroll tax for general practitioners.