Western Australian Current Acts Western Australian Current Acts (1) A reference in
this Division to a first home owner concessional transaction is to a transfer
of, or an agreement for the transfer of, dutiable property where —
(a)
either —
(i)
each transferee is a concessional first home owner; or
(ii)
if the transaction is an agreement for transfer in
relation to which there are 1 or more substituted transferees — each
substituted transferee is a concessional first home owner;
and
(b) the
unencumbered value of the land, or the land and home, the subject of the
transaction does not exceed —
(i)
if there is no home on the land — $400 000; or
(ii)
otherwise — $600 000.
(2) A reference in
this Division to a further concessional transaction is to a transfer of, or an
agreement for the transfer of, a further interest in the dutiable property the
subject of a first home owner concessional transaction (the first concessional
transaction ) —
(a) from
a person excluded from the operation of the FHOG Act section 16(1); and
(b)
where an instrument that effects the further concessional transaction is
executed within 10 years of an instrument that effected the first concessional
transaction; and
(c)
where each transferee in respect of the further concessional transaction is a
transferee in relation to the first concessional transaction.
[Section 142 amended: No. 29 of 2012 s. 7; No. 15
of 2014 s. 4; No. 27 of 2015 s. 11; No. 12 of 2019 s. 51; No. 27 of 2024
s. 4.]