​​​The concession provides a 50 per cent discount on property transfer duty for first home buyers of an established home, which has a dutiable value of:

• $400 000 or less for property purchases between 7 February 2018 and 15 March 2021 (inclusive); or
  
• $500 000 or less for property purchases between 16 March 2021 and 30 June 2022 (inclusive).

​​

​Eligibility

For this exemption all of the purchasers/transferees:

• must purchase an established home in Tasmania that has a dutiable value of:
• ​​$400 000 or less for property purchases between 7 February 2018 and 15 March 2021 (inclusive); or
• $500 000 or less for property purchases between 16 March 2021 and 30 June 2022 (inclusive); and
  
• must be a natural person (not a company or a trust); and
  
• must be at least 18 years of age*; and
  
• must be an Australian citizen or permanent resident - or if there is more than one applicant, at least one of them must meet this criteria; and
  
• must not have previously owned a home (or have a spouse/partner who owned a home) in Australia; and
• must not have received a First Home Owner Grant in any state or territory of Australia or the Duty Concession before (or have a spouse/partner who has); and
• must fully complete the application form and lodge with all relevant supporting documentation; and
• must ensure each person holding a relevant interest in the property is listed on the application form.

In addition to the above requirements, eligible transferees must occupy the home as their principal place of residence for a continuous period of 6 months commencing within 12 months of purchasing the property*. 

To comply with the requirement of a principal place of residence, the property must be the place at which you usually eat and sleep – leaving personal belongings at a vacant residence is not sufficient to meet this condition. The duty concession may be applied in anticipation of this requirement being met.