Hello there, I wish to sell my current vacant block of land which was purchased last year (in June at a cost of 205,000). I intended to build my first home here, but now due to the soil type and other considerations it does not seem to be a good idea. I received a stamp duty concession in QLD for first home vacant land concession. Would would you please be able to advise that if I sell the lot now, what sort of penalties, taxes I am looking at ? Also, if I purchase another lot shortly after will I get stamp duty concession again, given that I would have to forfeit my initial concession and might have to pay penalty on it. Will it affect my First home Owners great start concession in future ? Thanks a ton guys.