New and updated rulings on home concessions

New and updated versions of the following public rulings and practice directions were issued on 1 May 2025:

• Penalty tax—home concessions (TAA060.3)
• Concession for homes and first homes—occupancy requirements (DA085.1)
• Inclusion of chattels in the acquisition of a home or first home (DA086A.1)
• Transfer duty concession for homes and first homes—residential purposes (DA087.1)
• Concession for homes and first homes—in specie distributions of residential land (DA085.2)
• Transfer duty—relief for certain vacant land concession beneficiaries (DA085.1).

The new practice directions have replaced the following withdrawn public rulings:

• DA085.2
• DA087.1
• DA085.3.

View the new and updated rulings and directions.