First home buyers of established homes duty relief

​​​​​​​Duty relief for first home buyers of established homes based on the date of the transfer:

  • A duty concession applies between 7 February 2018 to 17 February 2024 inclusive.
  • A duty exemption applies between 18 February 2024 to 30 June 2026 inclusive.
     
Duty concession between 7 February 2018 to 17 February 2024

This concession provides a 50 per cent discount on property transfer duty for first home buyers of established homes, which have a dutiable value of:

  • $400 000 or less for purchases of established homes that settle (i.e. transfers that complete) between 7 February 2018 and 15 March 2021 inclusive; or
  • $500 000 or less for purchases of established homes that settle (i.e. transfers that complete) between 16 March 2021 and 31 December 2021 inclusive; or
  • $600 000 or less for purchases of established homes that settle (i.e. transfers that complete) between 1 January 2022 and 17 February 2024 inclusive. 

Duty exemption between 18 February 2024 to 30 June 2026

The exemption provides an exemption from property transfer duty for first home buyers of established homes which have a dutiable value of $750 000 or less which settle (i.e. transfers that complete) between 18 February 2024 to 30 June 2026 inclusive.


Eligibility

To be eligible for duty relief 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 31 December 2021 inclusive; or
    • $600 000 or less for property purchases between 1 January 2022 and 17 February 2024 inclusive; or
    • $750 000 or less for property purchases between 18 February 2024 and 30 June 2026 inclusive; and
  • must be a natural person (not a company); 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 previously received a First Home Owner Grant in any state or territory of Australia or the Duty Concession (46E of the Duties Act 2001) or the Duty Exemption (57G of the Duties Act 2001) or have a spouse/partner who has; and
  • must complete the application form and lodge it with all relevant supporting documentation; and 


Residential requirements 

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 it is necessary that you form a genuine connection with the property as your principal place of residence. Generally it will 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.

* The Commissioner has a discretion to vary this requirement in some circumstances.​

How to apply

To apply for the first home buyers of established homes duty concession or a duty refund:

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To submit by mail, you will need:



To submit via Tasmanian Revenue Online, you will need:

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How to apply for a refund

To apply for a refund where duty has been paid:

 
Additional information

For additional information, refer to:


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