GrantScoutGrantScout
Back to Search
Ongoingbusiness.gov_au

Concession for young farmers when buying land

Overview

The Young Farmer Duty Exemption or Concession provides eligible young Victorian farmers a stamp duty exemption or concession when buying their first farmland property.

The benefit depends on the dutiable value of the farmland and the date of transfer, and recipients must meet primary production and other eligibility requirements.

Eligibility Criteria

To be eligible you must:

  • be under 35 at the date of the contract for the transfer of the farmland property
  • be purchasing your and your partner’s first farmland property (no prior ownership of an estate in fee simple in farmland by you or your partner)
  • the property value must not exceed $750,000
  • and you must be carrying on, or intending to carry on, a business of primary production in relation to the purchased property

The exemption/concession also applies where a young farmer business entity (a nominee for a young farmer; a company in which all shares are owned by the young farmer or the young farmer and partner (not acting as trustee); trustee of a discretionary trust where capital beneficiaries are limited to the young farmer or the young farmer and partner; trustee of a fixed trust where beneficiaries are limited to the young farmer or the young farmer and partner) buys the farmland, provided the young farmer in respect of that entity is under 35.

For contracts entered on or after 2019-11-20:

  • if purchased by a young farmer or nominee, within five years the young farmer must carry on primary production on the farmland and be normally engaged in a substantially full-time capacity
  • if purchased by a company (not acting as trustee) or trustee under a trust, within five years the principal business of the company or trust must be primary production on the farmland and the young farmer must be normally engaged in a substantially full-time capacity in that business

A young farmer or young farmer entity who has received the exemption or concession must notify the authority of any change in circumstances that may result in the primary production requirement not being fulfilled.

Is this grant right for you?

Get a personalised eligibility check — your match score, which criteria you meet, and what to watch out for.

Free to search · No credit card required

Quick Info
Funding Amount
This is a duty (stamp duty) exemption or concession rather than a cash grant. For transfers on or after 2018-07-01: a full exemption applies to farmland valued at $600,000 or less; a concession applies to farmland valued from $600,001 to $750,000. For transfers before 2018-07-01: a full exemption applied to farmland valued at $300,000 or less; a partial exemption applied to farmland valued up to $600,000 (calculated by subtracting duty payable on $300,000 from duty payable on the farmland value up to $600,000); and a concession applied to farmland valued from $600,001 to $750,000. For multiple-parcel purchases the dutiable value of at least one parcel must not exceed the relevant threshold ($300,000 for transfers before 2018-07-01, $600,000 for transfers on or after 2018-07-01) and an exemption is applied to up to $300,000 or $600,000 of the total dutiable value respectively. Recipients (or relevant entity) must meet primary production requirements within five years of the contract date or liability for duty will arise.
Closing Date
Ongoing - No closing date
Eligible Locations
VIC
Eligible Business Types
Individual, Sole Trader, Partnership, Company, Trust
Contact
13 21 61
Apply NowView on Official Website

Last updated: 12 February 2026