The Senior, Pensioner and Carer Concession (SPCC) was introduced on 4 May 2010 to assist eligible senior citizens, pensioners and carers that are not first home owners acquire a home or land on which to build a home by reducing the stamp duty that would otherwise be payable.
Where an applicant is eligible for more than one home incentive concession or grant, applicants will be entitled to the higher grant or concession amount only.
For contracts signed on or after 28 April 2015, the SPCC is an amount up to $10 000 off the stamp duty payable which represents the stamp duty on approximately the first $292 300 of the value of the property acquired.
For contracts signed on or after 4 May 2010 but before 28 April 2015, the SPCC is an amount up to $8500 off the duty payable which represents the stamp duty on approximately the first $263 200 of the value of the property acquired.
The scheme is not means tested but eligibility ceases if the dutiable value of the home or land at the date of the conveyance exceeds $750 000 and $385 000 respectively. There is no limit on the cost of a home to be built on land.
Where these thresholds are exceeded, the SPCC does not apply but purchasers may be eligible for the stamp duty Principal Place of Residence Rebate subject to the criteria for that scheme being met.
The Territory Revenue Office administers the SPCC.
Northern Territory Pensioner and Carer Concession Scheme (NTPCCS)
Territory Families administers the Northern Territory Pensioner and Carer Concession Scheme (NTPCCS). For further information about concessions and eligibility, go to the NT Pensioner and Carer Concession Scheme web page.