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  • Duties Form 61

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Duties Form 61 Principal place of residence (PPR) concession and eligible first home buyer duty reduction declaration For financial institution use only UIN: Need help? Contact us. Phone 13 21 61.

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Building a PPR on vacant land The purchaser must occupy their new home within 36 months from the date of settlement. To be eligible for the concession, the value of the vacant land must be $550,000 or less. Notably, a purchaser's eligibility is not impacted by the value of any building contract attached to the land.

Principal Place of Residence (PPR) Duty Concession You can get it if you meet the following requirements: Buy a new or established property valued up to $550,000. You must move into the property within 12 months of settlement. You must live in the property for at least 12 months continuously.

If you have a question or need more information about becoming a registered user, contact DOL Support Services on 13 21 61 or email dutiesonline@sro.vic.gov.au.

The land you own and occupy as your home is your principal place of residence (PPR) and is exempt from land tax.

A principal place of residence (PPR) duty concession is available when you buy a new or established property valued up to $550,000, which you intend to move into within 12 months of your settlement date and live in as your primary home for at least a year.

The Principal place of residence (PPR) concessional rate does not apply. VIC abolishes stamp duty for both new and existing properties under $600,000. First home buyers purchasing a property between $600,000 and $750,000 also receive a tapered discount.

Comparison of duty reduction amounts for PPR concession This starts at 1.4% for properties valued at $25,000 or less. For properties valued at more than $25,000 but less than $130,000 the rate is $350 plus 2.4% of the dutiable value that exceeds $25,000.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232