Off-the-plan Duty Rebate

A rebate is available for people who enter into a pre-construction contract to purchase a new residential unit or apartment.

The Off-the-Plan Duty Rebate Scheme promotes investment in the WA residential multi-tiered apartment market and stimulates jobs in the construction industry by providing a rebate of duty paid on eligible unit or apartment purchases.

The rebate is available to owner-occupiers and investors who enter into a pre-construction contract between 23 October 2019 and 23 October 2021 (inclusive) to purchase a new residential unit or apartment.

The rebate applies to the Stamp Duty and Foreign Buyers Duty (if applicable) paid on the agreement to purchase the unit or apartment.

The rebate amount is 75% of the duty paid, capped at a maximum of $50,000. 

There is no cap on the purchase price or value of the unit or apartment.

Multiple rebates can be paid to the same applicant on separate transactions for the purchase of units or apartments in the same or different developments.

Eligibility criteriaShow more

Three criteria must be met in order to receive the rebate.

Criteria 1 - Pre-construction contract

The applicant has signed a pre-construction contract to purchase a new residential unit or apartment in a multi-tiered structure where development has not commenced. The pre-construction contract must be executed between 23 October 2019 and 23 October 2021 (inclusive).

Criteria 2 - Eligible applicant

The applicant(s) must be the buyer(s) named on a pre-construction contract or an eligible transferee. The rebate applies to all buyers (natural persons, corporations and trustees), including foreign buyers, who become registered on the title to the unit or apartment as an owner occupier or an investor.

Criteria 3 - Completion of construction

Construction of the new residential unit or apartment must be completed within 36 months of the pre-construction contract being entered into. The Commissioner considers construction to be completed when the strata plan is registered.

The eligible applicant may apply to the Commissioner to extend the timeframe for completion of construction under certain circumstances.

 

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