News

​​​​​​​​​​​​State Election Measures

Released 21 May 202​​4

The Government announced Land Tax, Property Transfer Duties and Payroll Tax measures during the 2024 State Election.

Open this Factsheet for an interim summary of details. An update will be published subject to the passage of legislation through Parliament and Royal Assent. 


​​​​​​​​​​​Salamanca Market Licences

Released 21 August 2023​​

The State Revenue Office is investigating duty paid for the purchase of Salamanca Market licences since 1 July 2008.

If you have purchased a licence at any time since then, please call the State Revenue Office on (03) 6166 4400 (option 4, option 1) or email dutyhelp@treasury.tas.gov.au.


Market Rate of Interest for 2023-24

Released 1 July 2023​​

The market rate of interest for the 2023-24 financial year increases from 1.00 per cent to 3.90 per cent.

The rate is based on the 90-day Bank Accepted Bill Rate published by the Reserve Bank of Australia for the month of May preceding the new financial year.

Interest is imposed to:

  1. compensate the Tasmanian Government for being denied the use of revenue; and
  2. promote equity among taxpayers by ensuring that those who meet their obligations are not disadvantaged compared with those who do not.

The Market Rate of Interest is discussed in the Revenue Ruling on Interest and Penalty Tax​ for tax defaults, published by the Commissioner for State Revenue.​


Premium Rate of Interest for 2023-24

Released 1 July 2023

The premium rate of interest for 2023-24​ financial year remains at 4.00 per cent.​

The Premium Rate of Interest is discussed in the Revenue Ruling on Interest and Penalty Tax​ for tax defaults, published by the Commissioner for State Revenue.​


​​Fee for issuing a Land Tax Search certificate

Released 1 July 2023

On and from 1 July 2023, the fee for issuing the certificate increases from $12.75 to $13.35.

For more information, refer to Land tax search.

​​

Administration fee for the SRO to process optional duties instruments

Released 1 July 2023

On and from 1 July 2023, the processing fee increases from $42.50 to $44.50.

Any fee unit adjustments occur as at 1 July each year in line with the CPI adjustment factor provided under section 5 of the Fee Units Act 1997.


Motor Dealer’s Exemption Certificate fee for 2023-24

Released 1 July 2023

Fee for NEW Motor Dealer's Exemption Certificate: ​On and from 1 July 2023, the fee increases from $598.40 to $626.56.


Fee for RENEWAL of Motor Dealer's Exemption Certificate​: On and from 1 July 2023, the renewal fee increases from $533.80 to $558.92. 


For more information, refer to Exemption certificate.


2023-24 State Budget measures

Released 8 June 2023

The $30 000 Grant is extended from 1 July to 30 June 2024. Use the above link for details.

New home used for long term rental exemption
The Land Tax exemption for newly constructed dwellings available for long term rental is extended to 30 June 2024. Use the above link for details. 

Short term visitor accommodation converted to long term rental​ exemption
 The Land Tax exemption for short stay accommodation properties converted to long term rental is extended to 30 June 2024. Use the above link for details.​


Electric and hydrogen fuel-cell vehicles
The Motor Vehicle Duty exemption on the purchase of electric and hydrogen fuel cell vehicles is extended to 31 December 2023. Use the above link for details.


First home buyers of established homes duty concession
The Property Transfer Duty concession for the first home buyers of established properties is extended to 30 June 2024. Use the above link for details. 

Pensioners downsizing to a new home duty concession​
The Property Transfer Duty concession for eligible pensioners who downsize their home is extended to 30 June 2024. Use the above link for details. ​




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