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First Home Owner Grant (FHOG)
The First Home Owner Grant (FHOG) scheme commenced on 1 July 2000 to offset the introduction of the Goods and Services Tax.
Eligible applicants are entitled to a one-off payment of up to $7 000. The grant is not means tested and there is no cap on the value an eligible home.
First Home Builder Boost (FHBB)
The First Home Builder Boost (FHBB) is a payment, in addition to the FHOG, of up to $8 000.
It is available for eligible applicants, purchasing a newly built home or who are owner-builders between 1 January 2013 and 30 June 2014 and who meet the required time frames for commencement and completion of the house.
Information on eligibility criteria for FHOG and FHBB and applying for FHOG and FHBB.
Other States and Territories
If you wish to purchase a property in another State or Territory, the application and payment process may vary from the process in Tasmania. First Home Owner Grant information for other States or Territories
Duty (previously known as “stamp duty”) is a form of taxation charged by the State Government, under the Duties Act 2001 , when someone acquires an interest in property, usually by buying a property. Normally, duty must be paid by the purchaser/transferee within three months of the dutiable transaction.
When you buy or acquire a property, the person(s) selling or transferring the property must pay any unpaid land tax and they will need to obtain an Estimate of Liability at Settlement Date (EOLSD) to determine how much, if any, needs to be paid.
What you should know about Land Tax