First home buyers of established homes duty concession

​​​​​​​​​​​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
​To be eligible for this exemption all of the purchasers/transferees:

  • must purchase an established home in Tasmania that does not exceed $400 000 or less between 7 February 2018 and
    15 March 2021 (inclusive) or $500 000 or less 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.

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 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.

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

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How to apply

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

​​​

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 full duty has been paid:


Additional information

For additional information, refer to:


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