Duty Concessions and Land Tax Exemption Extension - 16 January 2019

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On 16 January 2019 the Government announced the extension to 30 June 2019 of the following concessions and exemption introduced following the 2018 State Election:

  • Duty concession for first homebuyers of established homes.
  • Duty concession for eligible pensioners who downsize their home.
  • Land tax exemption for short-stay properties converted to long-term rental.

It is anticipated that a Ministerial Order to implement this decision will be Gazetted by Government prior to

6 February 2019. State Revenue Office documentation will be updated once the Ministerial Order has been Gazetted.

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  • About Us
    The State Revenue Office is responsible for administering Tasmania’s taxation laws and certain Grants. The tax revenue collected helps pay for the services delivered by government to the benefit of the people who live, work and invest in Tasmania.
  • First Home Owner Grant
    The grant is a one-off payment for the purchase or building of a new home by eligible first home owners. The Grant has been increased to $20 000 for eligible transactions made between 1 July 2018 and 30 June 2019 inclusive.
  • Land Tax
    Land tax is applied to commercial or vacant land, holiday homes, rental properties and vacant homes. The tax is calculated on a property’s actual usage and ownership as at 1 July each year.
  • Motor Vehicle and Insurance Duty
    Motor vehicle duty is charged on an application to register a motor vehicle, to transfer a vehicle’s registration, or to change beneficial ownership of a vehicle. The duty is included in the registration process. Duty applies on General Insurance and Life Insurance. In most instances, the insurance company or broker typically arranges payment of the duty through the premium paid by the insuree.
  • Payroll Tax
    Payroll tax applies where the total wages paid by an employer in Australia are greater than $1.25 million per annum (or $24 038 per week during a month), or where the employer is a member of a group and their total Australian wages exceed $1.25 million per annum (or $24 038 per week during a month).
  • Pensioner Rates Remission and Electricity Concessions
    The Tasmanian Government offer a council rates remission for eligible pensioners (including certain health care card holders). Applicants apply through their local council. The Government offers the following electricity concession schemes for eligible customers - applicants apply through their electricity retailer: Annual electricity concession; Medical heating or cooling concession; and Life support concession.
  • Property Transfer Duties
    Duty is applied to most property transfers in Tasmania. Duty applies to, but is not limited to: Easements and covenants; Gifts and inheritances; Residential property; and Vacant land.
  • Tasmanian Revenue Online
    Tasmanian Revenue Online (TRO) is a secure web-based system for lodging payroll tax returns and self-assessing duty. Use this page to find out more about TRO or to register your interest.