Off-the-Plan Concession
nounoff-the-plan con·ces·sionpronounced off-thuh-PLAN kun-SESH-un
Last reviewed 16 April 2026
What does the noun Off-the-Plan Concession mean?
A stamp duty reduction available when buying a property before it is built or completed. Duty is typically calculated on the land value at the contract date rather than the finished value of the property.
How the noun Off-the-Plan Concession is used
By purchasing the apartment off the plan, we only paid stamp duty on the land value at contract signing, saving us over $15,000 through the off-the-plan concession.
Synonyms
off-the-plan duty reduction
Related words
Cite this entry
MLA citation: "Off-the-Plan Concession." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/off-the-plan-concession. Accessed 29 May 2026.
Chicago citation: How to Property. "Off-the-Plan Concession." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/off-the-plan-concession.
APA citation: How to Property. (2026, April 16). Off-the-Plan Concession. https://howtoproperty.com.au/definitions/off-the-plan-concession