Hello,
My fiance and I purchased a home in Queensland in 2005 with another family member and we are now in the processing of buying their 1/3 share.
The property was our first home which we resided in until 2011 when we relocated to Melbourne, the property is currently tenanted.
The property is still my fiance and I's "first home" - are we still eligible for any Transfer Duty concessions? The other family member conveyancer is seeking $3000 in Duty on behalf of the Office of State Revenue.
Hoping someone may be able to clarify as the OSR website isn't exactly clear as day.
Appreciate any hope.
Cheers,
Dave
My fiance and I purchased a home in Queensland in 2005 with another family member and we are now in the processing of buying their 1/3 share.
The property was our first home which we resided in until 2011 when we relocated to Melbourne, the property is currently tenanted.
The property is still my fiance and I's "first home" - are we still eligible for any Transfer Duty concessions? The other family member conveyancer is seeking $3000 in Duty on behalf of the Office of State Revenue.
Hoping someone may be able to clarify as the OSR website isn't exactly clear as day.
Appreciate any hope.
Cheers,
Dave