The Parliament has passed a Bill confirming that the stamp duty exemption will no longer apply to first home owners generally from 1 January, 2012, but will only apply to first home owners purchasing ‘a new home’.   This will include a home that has not been occupied or sold as a place of residence.   It may include a substantially renovated home.   Theamendments have not yet been made to the Duties Act, and there is very little information available on the OSR website.    If you are a first home owner looking to buy, you should obtain advice first from Bruce Coode, so that you know what homes you can purchase and still obtain a stamp duty exemption.