Western Australian Numbered Acts

DUTIES ACT 2008 (NO. 11 OF 2008) - SECT 142

142 .         Transactions by first home owners that are concessional transactions

        (1)         A reference in this Division to a FHOG concessional transaction is to a transfer of, or an agreement for the transfer of, dutiable property where —

            (a)         the transferee or, if there are more than one, each transferee —

                  (i)         is paid a first home owner grant in relation to the property or becomes a person to whom a first home owner grant is or will be payable, in relation to the property; or

                  (ii)         becomes a person to whom a first home owner grant would be, or would have been, payable in relation to the property if consideration had been given for the transfer of the property;

                and

            (b)         the unencumbered value of the land, or the land and home, the subject of the eligible transaction to which the first home owner grant relates, does not exceed —

                  (i)         if there is no home on the land — $400 000; or

                  (ii)         otherwise — $600 000.

        (2)         A reference in this Division to a further FHOG concessional transaction is to a transfer of, or an agreement for the transfer of, a further interest in the dutiable property the subject of a FHOG concessional transaction (the "first FHOG concessional transaction") —

            (a)         from a person excluded from the operation of the FHOG Act section 16(1); and

            (b)         where an instrument that effects the further FHOG concessional transaction is executed within 10 years of an instrument that effected the first FHOG concessional transaction; and

            (c)         where each transferee in respect of the further FHOG concessional transaction is a transferee in relation to the first FHOG concessional transaction.