NSW budget stamp duty exemption for over 65s
Posted
by DPS
New South Wales (NSW) residents over the age of 65 are being encouraged with stamp duty exemptions to sell their existing home.
The $10 million allocated in the budget for the seniors’ stamp duty exemption would assist 444 buyers in the next financial year.
For two years from 1 July, seniors who buy a newly constructed home worth up to $600,000 will also pay no stamp duty, saving a potential $22,490.
The benefit will apply to people over 65 who sell their primary place of residence and move into a home that is under any stage of construction.
