Concession
nouncon·ces·sionpronounced kən-SESH-ən
Last reviewed 16 April 2026
What does the noun Concession mean?
A reduced rate of stamp duty. You still pay some duty, but less than the standard amount. Concessions are often available for first home buyers within certain property value ranges.
How the noun Concession is used
As first home buyers in NSW, we qualified for a stamp duty concession that saved us about $18,000 on our $750,000 purchase.
Synonyms
duty concession, stamp duty reduction
Related words
Cite this entry
MLA citation: "Concession." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/concession. Accessed 29 May 2026.
Chicago citation: How to Property. "Concession." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/concession.
APA citation: How to Property. (2026, April 16). Concession. https://howtoproperty.com.au/definitions/concession