Young Farmer Duty Exemption or Concession(Vic)

As a young farmer buying your first farmland property in Victoria, you are entitled to a duty exemption or concession if you satisfy eligibility criteria. 

Note: This young farmer exemption is separate and distinct from the family farm exemption available on the transfer of a family farm.

The date of transfer (settlement), not the date of contract, is important as it determines which exemption or concession applies. If your contract is dated before 1 July 2018 but you settle on or after that date, the exemption or concession for transfers on or after 1 July 2018 is the one relevant to your purchase.