The Northern Territory Government provides a stamp duty Principal Place of Residence Rebate (PPRR) to persons purchasing a new home or land on which to build a home.
A new home is a home that has never been previously lived in or sold as a place or residence. Substantially renovated homes may be considered as a new home for the purpose of the PPRR. For further details on what constitutes a new home refer to the Commissioners Guideline below.
The PPRR is an amount up to $7000 off the duty payable. For details of the thresholds prior to this date, view Home Owner Assistance Pre 4 December 2012.
Territory Revenue Office administers the scheme.