2011 State Budget
The NSW Treasurer, the Hon. (Mike) Michael Bruce BAIRD, MP announced the following changes to State taxes and duties as part of the 2011 State Budget:
First Home – New Home
From 1 January 2012 First Home Plus exemptions and concessions will be replaced by the First Home - New Home Scheme.
The amendments provide that an agreement or transfer will only be eligible for the concession or exemption if it is for the acquisition of a new home or vacant land intended to be used as the site for a new home.
© 2006