Incredible Estimated Tax Return For First Time Home Buyer References. As a qualified purchaser(s), you would be entitled to a proportional share of the land transfer tax refund of up to $4,000 on the registration date of the home purchase. In this case, the original land transfer tax amount was $2,975.

It's quick, easy and gives you a snapshot of where you stand. For one, there’s a $10,000 limit ($5,000 if married filing separately) on the combined amount of state and local income, sales, and property taxes that you can deduct on your. Have a fair market value of $500,000 or less.