23 May 2019
Tasmanian Government has announced the following measures:
A. extension of
Land Tax exemptions for: i) newly built housing made available for long-term
rental, and ii) newly listed rental property made available for long-term
B. extension of
Duty concessions for: i) first home buyers of established homes, and ii)
pensioners downsizing to a new home;
C. extension of the
$20 000 First Home Owner Grant; and
increases to the Foreign Investor Duty Surcharge on the purchase of i)
residential land, and ii) primary production land.
has also announced that during 2019-20, it will develop a foreign investor land
read this factsheet for a summary of
points A to D above. The measures are subject to the passage of legislation
through the Parliament or the gazetting of Ministerial Orders.
27 May 2019: Buying a property in Tasmania?
Are you buying:
- a home to live in (can also be as a first home owner); or
- an investment or holiday property; or
- vacant land; or
- land to build on (can also be as a first home owner)?
To check if you are liable for tax or eligible for a concession, use the PropertyBuyer tool.