Exemption
nounex·emp·tionpronounced ig-ZEMP-shən
Last reviewed 16 April 2026
What does the noun Exemption mean?
A complete waiver of stamp duty where you pay $0. Exemptions usually apply to properties below a specific value threshold and require you to meet eligibility criteria such as living in the property.
How the noun Exemption is used
Because the apartment was valued under the threshold, we qualified for a full stamp duty exemption and paid $0 in transfer duty.
Synonyms
full waiver
Related words
Cite this entry
MLA citation: "Exemption." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/exemption. Accessed 30 May 2026.
Chicago citation: How to Property. "Exemption." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/exemption.
APA citation: How to Property. (2026, April 16). Exemption. https://howtoproperty.com.au/definitions/exemption