The Queensland Revenue Office (QRO) has issued an e-alert regarding discrepancies in transfer duty calculations.
This has affected a small number of transactions which involve mixed and multiple claims, where a first-home concession is included.
Previous calculations have been amended although some pending transactions occurring within the next 14 days may be affected. Practitioners should recalculate duty payable in this instance.
There is no action required for transactions already assessed and finalised.
Contact the QRO if you require further assistance with your transaction on 1300 300 734 or email selfassessment@treasury.qld.gov.au.
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