Property Transfer Duties
Duty (previously known as stamp duty) is a taxation charged by the Tasmanian State Government under the Duties Act 2001 when an interest in dutiable property is acquired, for example by buying a property.
Duty is payable within three months of the date of the dutiable transaction (usually the date of settlement) and is payable by the transferee (the purchaser).
Transactions subject to duty may include transfers of real estate (including gifts and inheritances), sales of business, trusts over dutiable property, easements and covenants and acquisition of shareholders' interests in dutiable property.
Refer to the Assessing Duty - Frequently Asked Questions for documents that must be lodged for the most common transaction types