Family Farm Exemption (Vic)

When you transfer property from one person to another you pay duty unless an exemption applies.

The transfer of all or part of a family farm may be exempt from duty if the transfer meets certain conditions relating to the land, the transferor and the transferee. To receive this exemption, the land must be primary production land and there must be a familial link between the transferor and the transferee.

The transfer must not be part of a tax avoidance scheme. If it is, the exemption does not apply.

This exemption is separate and distinct from the exemption from duty available for young farmers (under the age of 35) buying their first farm.