New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 87

87 Cap on dutiable value of transaction

An agreement or transfer is not eligible if the dutiable value of the dutiable property that is the subject of the agreement or transfer exceeds--

(a) $650,000 in the case of a new home purchase or an off the plan purchase, or

(b) $450,000 in the case of a vacant land purchase.