Applications for Concessional Duty Resulting from Eligible Impacted Properties or Asbestos Insulation Eradication Buyback Concession Scheme

About this form

Eligible homeowners who sell their property to the Territory under the Eligible Impacted Property Buyback Program are entitled to apply for a duty concession on the purchase of a residential property or land in the ACT. A person is eligible for the duty concession if the person:

  • is or was the owner of an eligible impacted property (including joint tenants and tenants in common); and
  • has exchanged a Contract for Sale of the property with the ACT Government under the Eligible Impacted Property Buyback Program.

Eligible homeowners who surrender an affected block under the Voluntary Buyback Program are entitled to apply for a duty concession on a purchase of a residential property or land in the ACT. A person is eligible for the duty concession if the person:

  • was the owner of an affected block prior to 18 February 2014 (including joint tenants and tenants in common);
  • was the owner of an affected block after 18 February 2014 as a result of a Contract for Sale exchanged prior to 18 February 2014;
  • became the owner of an affected block after 18 February 2014 as a beneficiary of a deceased estate; or
  • became the owner of an affected block after 18 February 2014 as a result of a binding financial agreement or orders made under the Family Law Act 1975 (Cth) or the Domestic Relationships Act 1994; or
  • the person has made a submission to the Asbestos Coordinator-General about the extent of their knowledge of the presence and implications of the presence of loose-fill asbestos in premises on the lease.

Declarations

Please note:

If you are a solicitor or agent lodging on behalf of a client you will need to print the applicable declaration for your client to complete and sign, which much be scanned and attached to this submission.

If you are a self-lodger and your transaction involves more than one buyer or applicant, additional declarations will need to be printed, completed and attached to this submission.

Contact

ACT Revenue Office

Phone: (02) 6207 0028
Website: www.revenue.act.gov.au

Your personal information

Access Canberra uses this form to collect information which is necessary to allow the ACT Government to provide services to you. Personal Information may be used or disclosed in accordance with the Information Privacy Act 2014.

For details on the collection of personal information in this form please refer to the Access Canberra Information Collection Notice. If you have questions about how your information will be handled please see the Access Canberra Privacy Policy and the Revenue Office privacy statement or contact us.