First Home - New Home: Exemption or Concession from Duty - Application Form and Lodgement Guide (ODA 066)

The First Home - New Home scheme gave first home buyers a transfer duty exemption or concession on a new home, or on vacant land for building a home. It was replaced by the First Home Buyers Assistance Scheme on 1 July 2017, but Revenue NSW says buyers whose property was bought between 1 January 2012 and 30 June 2017 can still apply under it. Revenue NSW's scheme page states that for 1 July 2012 to 30 June 2017 a new home under $550,000 paid no duty, with a concession between $550,000 and $650,000, and vacant land under $350,000 paid no duty, with a concession between $350,000 and $450,000. ODA 066 is the application form and lodgement guide. Established homes were not covered.

When you need it

• You bought a new home or vacant land in NSW under an agreement or transfer executed between 1 January 2012 and 30 June 2017 and did not claim the concession at the time.
• It was the first home you or your spouse owned in Australia, and neither of you had received this scheme's benefit before.
• All buyers were natural persons aged 18 or over, at least one was an Australian citizen or permanent resident, and the buyers bought the whole property.
• For agreements from 1 July 2017, use the First Home Buyers Assistance Scheme form instead.

1. 1

   Section 1: eligibility checklist

   Answer the questions on prior ownership, prior benefit, residence, citizenship or residency, and age for all applicants and their spouses, as at the date of the agreement or transfer.

2. 2

   Sections 2 and 3: lodging and property details

   Give the lodging party, the date of the agreement or transfer, whether it is a new home or vacant land, the dutiable value, the vendor, the occupation date and the lot, plan and address.

3. 3

   Section 4: purchaser interests

   List each eligible purchaser and any other purchaser with interests to two decimal places, totalling 100%. A buying spouse is an eligible purchaser, not an other purchaser.

4. 4

   Sections 5 and 6: personal details

   Each eligible purchaser completes their identity, birth name, other names, contact and address details and any permanent ADF service. A spouse who is not buying completes Section 6.

5. 5

   Declarations and evidence

   Each eligible purchaser and each non-purchasing spouse signs the declaration. Attach certified proof of identity for every person in categories 1 to 3 (and 4 if needed), any change of name evidence, and an ADF document if claiming the residence exemption.

• Revenue NSW says you can return the form directly to it or apply through your solicitor or conveyancer. The postal address on the form is PO Box 666, Wollongong NSW 2520.
• Lodge the agreement for sale and/or transfer with the application. Remove pages 1 to 3 (the lodgement guide) before lodging.
• Enquiries: duties@revenue.nsw.gov.au or 1300 139 814.

• If other purchasers take more than 5% (and not more than 50%), the concession is reduced in proportion to their interest.
• At least one eligible purchaser had to live in the home for 6 continuous months starting within 12 months of completion. Revenue NSW may ask for evidence later.
• If a purchaser was added or substituted before settlement, that person and their spouse need a new application.