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Australia: Stamp tax relief for bushfire victims in New South Wales

Australia: Stamp tax relief for bushfire victims

The government of New South Wales announced it will provide relief from the stamp tax (duty) for those individual taxpayers who lost their homes during the bushfires and who choose to purchase a replacement home elsewhere rather than rebuild.

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According to a March 2020 release [PDF 172 KB], the stamp tax relief package is intended to provide bushfire victims with greater flexibility and financial freedom as they decide whether to rebuild or to relocate. Taxpayers who decide to purchase a replacement home can do so without the added financial burden of paying the stamp tax.

Individuals purchasing replacement homes will only begin paying stamp tax once the amount of the stamp tax that otherwise would be payable exceeds $55,000.*


*$=Australian dollar

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