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Duties

First Home Plus calculator

First Home Plus scheme provides exemptions or concessions on transfer and mortgage duty for first home buyers in NSW. The First Home Plus One scheme allows first home buyers to purchase property with other parties and still receive a concession.

From 1 September 2007, mortgage duty was abolished on loans connected with owner occupied housing. As a result, duty is not chargeable on most mortgages associated with an eligible First Home Plus Agreement. Read more.

First Home Plus mortgages are liable to duty if:

1. the purpose of advance is not for owner occupied housing (eg investment housing) or
2. a First Home Plus equity partner is not a natural person (eg company). Read more.

Note: the First Home Plus mortgage calculator should not be used if your mortgage is not chargeable under S221B.

Read more information about first home benefits.

All amounts entered must be numbers. Please do not include dollar signs, commas, spaces or cents. For example: 22000

Execution date:

(dd/mm/yyyy)

Land usage:

private dwelling
vacant land

Purchase price or value:

(whole dollars)

Mortgage amount:

(whole dollars)

Is this a First Home Plus One calculation?

Yes - If yes, eligible purchasers' interest: %
No

If you need help using this calculator, contact us.