Property Transfer Duties

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Use the PropertyBuyer tool for information about any tax, concession or grant that may apply to your intended purchase of property in Tasmania. Use the link in the 'Resource centre' box on this page.​

State Budget update: 23 May 2019

​Duty Concession for first home buyers of established homes is extended to 30​​June 2020. The extension is subject to the gazetting of a Ministerial Order.
This is a 50 per cent concession on property transfer duty for first home buyers of established homes with a property value of $400 000 or lower. The concession is available between 7 February 2018 and 30 June 2020 (inclusive) for homes that settle (transfers that complete) within that period. See more details here.


State Budget update: 23 May 2019

Duty Concession for pensioners downsizing to a new home is extended to 30 June 2020. The extension is subject to the gazetting of a Ministerial Order.
This is a 50 per cent concession on property transfer duty to eligible pensioners who sell their existing home and downsize to a new home valued at $400 000 or lower. The concession is available between 10 February 2018 and 30 June 2020 (inclusive). See ​more details here.​

 
State Budget update: 23 May 2019

Foreign Investor Duty Surcharge (FIDS) rates will be increased from 1 January 2020. The increases are subject to the passage of legislation through the Parliament. 

The rate for the purchase of residential property will increase from three to seven per cent, and the rate for the purchase of primary production land will increase from 0.5 per cent to 1.5 per cent. See details here about existing FIDS rates.

   

What is duty?

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.

The type of property and the way it is acquired can impact the way that duty is assessed.

Property types subject to duty include, but are not limited to:

Duty must normally be paid by the purchaser/transferee within three months of the transfer of the property.

Multiple purchases (aggregation) - where there is a series of, or multiple, transactions by the same transferee or transferee(s) who are associated persons within 12 months, these transactions may be grouped together, or aggregated, for the purposes of calculating duty.

Further information is available on:

Abolished Duties


Duty on goodwill and other non-real business assets was abolished on 1 July 2008.

Calculation of duty on transactions after this date will exclude the value of non-dutiable items.

Mortgage Duty was abolished from 1 July 2007.

Tasmanian Revenue Online

Registered users can calculate the duty payable on some types of dutiable transactions and pay duty online through Tasmanian Revenue Online.