New home

Transfer duty

A new home is:

• a home that has never been occupied or sold as a place of residence

or

• a substantially renovated home, if it
  • is being acquired as a taxable supply as of new residential premises as defined under section 40-75(1)(b) of the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth)
  • has not been occupied or sold as a place of residence since being renovated.