|
Options
|
Duty is charged on a sliding scale based on the greater of either the unencumbered value or the purchase price paid.
Unencumbered value is determined by multiplying the valuation last determined by the Valuer-General, by the appropriate adjustment factor for the relevant municipality. Adjustment factors and valuations can be obtained from the Land Information System Tasmania (LIST) .
Property Transfer Duty Calculator
The 2012-13 Tasmanian State Budget announced changes to the rates and thresholds for Property Transfer duty.
The following rates and thresholds will apply to transfers of dutiable property on or after 1 October 2012 unless other provision is made by Chapter 2 of the Duties Act 2001 .
| Value of the property (including chattels) | Duty payable |
| $0 – 1 300 | $20 |
| $1 300 – 25 000 | $20 plus $1.75 for every $100, or part, by which the dutiable value exceeds $1,300 |
| $25 000 – 75 000 | $435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25,000 |
| $75 000 – 200 000 | $1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75,000 |
| $200 000 – 375 000 | $5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200,000 |
| $375 000 – 725 000 | $12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375,000 |
| Over $725 000 | $27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725 000 |
The following rates and thresholds apply to transfers BEFORE 1 October 2012.
| Value of the property (including chattels) | Duty payable |
| $0 – 1 300 | $20 |
| $1 301 – 10 000 | $1.50 for every $100, or part, of the dutiable value |
| $10 001 – 30 000 | $150 plus $2 for every $100, or part, by which the dutiable value exceeds $10,000 |
| $30 001 – 75 000 | $550 plus $2.50 for every $100, or part, by which the dutiable value exceeds $30,000 |
| $75 001 – 150 000 | $1 675 plus $3 for every $100, or part, by which the dutiable value exceeds $75,000 |
| $150 001 – 225 000 | $3 925 plus $3.50 for every $100, or part, by which the dutiable value exceeds $150,000 |
| Over $225 000 | $6 550 plus $4 for every $100, or part, by which the dutiable value exceeds $225 000 |
|
|