Home concession - aggregation (s. 30) procedure

Follow this procedure to help you lodge a section 30 aggregation transaction using OSRconnect when a home concession is being claimed. If your transaction does not include a concession claim, see the section 30 aggregation without a concession procedure for instructions.

You cannot enter aggregations into OSRconnect where the total interest acquired is less than 1 and a concession is being claimed - send these to us for assessment.

Use our aggregated transactions toolkit for information.

Try our interactive tool to see if aggregation applies to your transactions.

You will need to enter each aggregated transaction separately into OSRconnect.

Note: The fields marked with an asterisk (*) are mandatory.

On the Lodgement Obligations tab:

  1. Select Transfer Duty from the Create return/transaction drop‐down list.
  2. Select Create to start the transaction.
  3. Complete details in the Identification stage.
  4. Click Next to go to Document Details.
  5. Complete the Property, Transferors and Transferees information for the first transaction.
  6. If the transaction includes real property, answer the question: Is the transferor a non-Australian entity?
    If Yes, an identity details annexure is required.
  7. Select Email next to the non-Australian transferor’s name. If you are unable to obtain the email address for the transferor, contact the Office of State Revenue immediately.
  8. If the transaction includes real property, answer the question: Is the transferee a non-Australian entity?
    If Yes, the non-Australian transferee must complete an identity details annexure and these details must be recorded in OSRconnect.
  9. Click Next to go to Transaction Details.
  10. Answer the question: Is the consideration less than the unencumbered value?
    If Yes, you must assess on the evidence of value and keep a copy as part of your record keeping requirements.
  11. Enter the Consideration/Unencumbered value of ENTIRE property (whichever is higher) for this transaction.

Include GST if it is payable in addition to the consideration.

  1. Select Yes to the question: Does this transaction form part of an arrangement that includes other dutiable transactions (Section 30)?
  2. Select Yes to the question: Is this the first transaction in the arrangement?

Enter the details for the first transaction

  1. Click Next to go to Liabilities.

The amount of duty payable is displayed, with interest (if applicable).

  1. Click Save to validate the data.

A transaction number is created, and the transaction is saved in draft.

  1. Click Summary.
  2. Click Print for a hard copy.
  3. Click the X to close the summary.
  4. Click Next to go to Submit.
  5. Enter your contact details, then click either:
    • Submit to lodge this transaction - you can then view this in Payment Obligations.
    • Save to save this transaction as a draft (click the X to close) - you can then view this in Lodgement Obligations.

You must lodge (submit) the transaction within 30 days of the liability date to avoid unpaid tax interest (UTI). Transactions with a liability amount owing must be paid within 14 days of being lodged.

If UTI was owed at the time of lodgement, it will continue to accrue until the outstanding amount is paid.

This ends the process for entering the first transaction.

  1. Complete steps 1 to 12 for the second transaction.
  2. Select No to the question: Is this the first transaction in the arrangement?
  3. Enter the transaction number you created for the first transaction in the Previous transactions within the same arrangement field.
  4. Enter the Total consideration assessed on this transaction and the first transaction.
  5. Select Yes to the question: Are any of the aggregated transactions claiming a home concession?
  6. Enter the consideration or value for the transaction on which the concession was claimed in the Residential consideration assessed on concession transaction field.
    For example, if a previous transaction was assessed on an amount of $380,000 with a one-half interest acquired, then the amount to include for that transaction is $190,000 (i.e. $380,000 × ½).
  7. Answer the question: Is the concession a first home vacant land concession?
  8. Enter the Total interest acquired for home concession.
    You must enter the same fraction into each of the section 30 transactions.
  9. Enter the Total interest acquired for first home concession.
    You must enter the same fraction into each of the section 30 transactions.
  10. Click Calculate to see the Total value of non‐concessional land.

Consideration and concession details for s. 30 aggregation

  1. Click Next to go to Liabilities.
  2. Enter the duty amount from the previous transaction in the Less duty accounted for in the previous aggregation field.
  3. Complete the Less duty payable on previous option agreement and Transaction number (if applicable) fields.
  4. Click Save to validate your data.

Your second transaction number is created, and the transaction is saved in draft.

The amount of duty payable is displayed, with interest (if applicable).

Total liability for the second transaction

  1. Click Summary.
  2. Note the information displayed in the Transaction liability section:
    • Duty payable
    • Less duty in previous aggregation
    • Total duty payable for this transaction.

Total duty payable for this transaction

  1. Click Print for a hard copy.
  2. Click the X to close the summary.
  3. Click Next to go to Submit.
  4. Click either:
    • Submit to lodge this transaction - you can then view this in Payment Obligations.
    • Save to save this transaction as a draft (click the X to close) - you can then view this in Lodgement Obligations.

This ends the process for entering the second transaction.

  1. Complete steps 1 to 12 for subsequent transactions.
  2. Select No to the question: Is this the first transaction in the arrangement?
  3. Enter the transaction numbers you created earlier in the Previous transactions within the same arrangement field.
  4. Enter the Total consideration assessed on this transaction and the previous transactions.
  5. Select Yes to the question: Are any of the aggregated transactions claiming a home concession?
  6. Adjust the amount entered in the Residential consideration assessed on concession transaction field to reflect any previous transactions in which the interest acquired was less than 1.
    For example, if a previous transaction was assessed on an amount of $460,000 with a one-half interest acquired, then the amount to include for that transaction is $230,000 (i.e. $460,000 × ½).
  7. Answer the question: Is the concession a first home vacant land concession?
  8. Enter the Total interest acquired for home concession.
    You must enter the same fraction into each of the section 30 transactions.
  9. Enter the Total interest acquired for first home concession.
    You must enter the same fraction into each of the section 30 transactions.
  10. Click Calculate to see the Total value of non‐concessional land.

Transaction details for third aggregated transaction

  1. Click Next to go to Liabilities.
  2. Enter the duty accounted for in the previous transaction in the Less duty accounted for in previous aggregation field.
  3. Click Save to validate your data.

The next transaction number for the aggregation is created, and the transaction is saved in draft.

The amount of duty payable is displayed, with interest (if applicable). This amount is calculated based on the aggregated total consideration/value less any duty previously accounted for.

Duty liability calculation for third or subsequent aggregated transaction

  1. Click Summary.
  2. Click Print for a hard copy.
  3. Click the X to close the summary.
  4. Click Next to go to Submit.
  5. Click either:
    • Submit to lodge this transaction - you can then view this in Payment Obligations.
    • Save to save this transaction as a draft (click the X to close) - you can then view this in Lodgement Obligations.

If you saved your transactions in draft, they will display in the Lodgement Obligations tab.

The transactions are listed in lodgement obligations

Repeat to enter any subsequent transactions.