Australia: Proposed first-home buyer duty relief and general practitioner payroll tax exemption (Queensland)
Legislation proposes full transfer duty relief for first-home buyers and removal of payroll tax and mental health levy for general practitioners.
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December 13, 2024
The Queensland government introduced the Revenue Legislation Amendment Bill 2024 to parliament, which proposes full transfer duty relief for first-home buyers and the removal of payroll tax and mental health levy for general practitioners.
The bill amends the Duties Act 2001 to:
- Provide full duty relief for eligible transactions involving first-home buyers purchasing a new home or vacant land, provided the property is used as their residence
- Allow recipients of the transfer duty home concessions to rent part of their property during the one-year occupation period without losing the relief benefits
Additionally, the bill amends the Payroll Tax Act 1971 to exempt wages paid by medical practices to general practitioners from payroll tax and the mental health levy.
The bill has been referred to the state parliament's Governance, Energy and Finance Committee for further consideration.