Share with your friends

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.


Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal