Examples of shared equity transactions that can be self-assessed

Purchases from the Housing Authority

On 15 May 2026, Tom and Kate enter into a contract to purchase an established home from the Housing Authority for $450,000. The amount of duty payable at the general rate is $15,390.

In this example:

    Seller: Housing Authority

    Buyer: Tom and Kate - 100% or 1/1 shares

    Dutiable value: $450,000      Duty payable by Tom and Kate: $15,390

On 20 May 2026, first home buyers Joe and Mary enter into a contract to purchase an established home from the Housing Authority for $550,000. 

Although Joe and Mary are not entitled to receive the FHOG as the contract is for the purchase of an established home, the transaction may be assessed at the FHOR of duty. The amount of duty payable on the contract is nil as the value of the home does not exceed $600,000.

In this example:

    Seller: Housing Authority

    Buyer: Joe and Mary - 100% or 1/1 shares

    Dutiable value: $550,000       Duty payable by Joe and Mary: $ nil

Purchases with the Housing Authority

On 15 May 2026, Tom and Kate, together with the Housing Authority, enter into a contract to purchase an apartment for $450,000 from a third party. Tom and Kate will acquire an 80% interest in the property and the Housing Authority will acquire the other 20%. 

While the amount of duty payable at the general rate is $15,390, Tom and Kate are liable to pay duty of $12,312 (80% x $15,390).

Note – use the section 92 exemption and the shared equity facility.

In this example:

    Buyer: Tom and Kate - 80% or 8/10 shares

               Housing Authority - 20% or 2/10 shares

    Dutiable value: $450,000      Exemption: 20%             

    Duty payable by Tom and Kate: $12,312

On 20 May 2026, first home buyers Joe and Mary, together with the Housing Authority, enter into a contract to purchase an established home for $825,000 from a third party. Joe and Mary will acquire a 60% interest in the property and the Housing Authority will acquire the other 40%. 

As the total value of the property exceeds the allowable FHOR thresholds, the amount of duty payable at the general rate is $33,603. Joe and Mary are liable to pay duty of $20,161.80 (60% x $33,603).

Note – use the section 92 exemption and the shared equity facility.

In this example:

    Buyer: Joe and Mary - 60% or 6/10 shares

                Housing Authority - 40% or 4/10 shares

     Dutiable value: $825,000              Exemption: 40%     

     Duty payable by Joe and Mary: $20,161.80

On 15 May 2026, Tom and Kate, together with the Housing Authority, own an apartment for which they have an 80% interest and the Housing Authority has a 20% interest. 

The property is being sold for $700,000 to Jane, a first home buyer, who is purchasing a 60% interest in the property with the Housing Authority acquiring the other 40% interest. 

Although Jane is not entitled to receive the FHOG as the contract is for the purchase of an established home, the amount payable at the FHOR of duty is $16,150. Jane is required to pay duty of $9,960 (60% x $16,150). 

Note – use the section 92 exemption and the shared equity facility.

In this example:

    Seller: Tom and Kate - 80% or 8/10 shares

                Housing Authority - 20% or 2/10 shares

    Buyer: Jane - 60% or 6/10 shares

               Housing Authority - 40% or 4/10 shares

     Dutiable value: $700,000            Exemption: 40%           

    Duty payable by Jane: $9,960

On 20 May 2026, first home buyers Joe and Mary, together with the Housing Authority, enter into a contract to purchase an established home for $590,000 from a third party. Joe and Mary will acquire a 60% interest in the property and the Housing Authority will acquire the other 40%.

Although they are not entitled to receive the FHOG as the contract is for the purchase of an established home, the amount payable at the FHOR of duty is nil as the total value of the property does not exceed $600,000.

Note – use the section 92 exemption and the shared equity facility.

In this example:

     Buyer: Joe and Mary - 60% or 6/10 shares

                Housing Authority - 40% or 4/10 shares

     Dutiable value: $590,000              Exemption: 40%             

     Duty payable by Joe and Mary: $nil

On 20 May 2026, first home buyers Joe and Mary, together with the Housing Authority, enter into a contract to purchase an established home for $712,000 from a third party. Joe and Mary will acquire a 60% interest in the property and the Housing Authority will acquire the other 40%. 

Although they are not entitled to receive the FHOG as the contract is for the purchase of an established home, the amount payable at the FHOR of duty is $18,088.  Joe and Mary are required to pay duty of $10,852.80 (60% x $18,088).

Note – use the section 92 exemption and the shared equity facility.

In this example:

    Buyer: Joe and Mary - 60% or 6/10 shares

               Housing Authority - 40% or 4/10 shares

     Dutiable value: $712,000       Exemption: 40%             

    Duty payable by Joe and Mary: $10,852.80