Rates of surcharge

​​Transactions

​For transactions on or after 1 July 2018 to and including 31 March 2020, or where a written agreement is entered into before 1 April 2020.

The following surcharge applies for acquisitions: ​​​

  • 3 per cent on the proportion of the dutiabl​e value of residential property directly or indirectly acquired by a foreign person; and 
  • 0.5 per cent on the proportion of the dutiable value of primary production property directly or indirectly acquired by a foreign person. 
 

Agreements

For agreements (or transactions without a written agreement) on or after 1 April 2020.

​​​The following surcharge rate applies:​

  • 8 percent on the proportion of the dutiable value of residential property directly or indirectly acquired by 
    a foreign person; and
  • 1.5 per cent on the proportion of the dutiable value of primary productions property directly or indirectly acquired by a foreign person.

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Calculate surcharge

To calculate the total Foreign Investor Duty Surcharge (FIDS) applicable to the dutiable transaction, firstly calculate the amount of FIDS for each property and then sum these individual amounts. 

The Duty and FIDS Calculator in Tasmanian Revenue Online can be used for these individual property calculations.
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