New Stamp Duty Rates & Discounts Tasmania (TAS) 2011-2012

Tasmania Drops Stamp Duty Discounts Under Budget Pressure

The release of the Tasmanian State Budget last week revealed Tasmania has had to drop stamp duty concessions in order to bring the fiscal balance back on track. The biggest loss is the stamp duty concession for first home buyers. At a time when Australian house prices are subject of mass debate this move can’t help.

Stamp Duty Changes:

  1. Closing off the Stamp Duty Concession on Vacant Land for First Home Builders
  2. Closing off the Stamp Duty Concession on Established Dwellings for First Home Buyers

These Changes are outlined below. You can use our Stamp Duty Calculator to calculate how much stamp duty you have to pay in TAS

Stamp Duty Concession On Vacant Land For First Home Builders

“Between 20 May 2020 and 16 June 2011, a duty concession was available to first home builders who entered into a contract to purchase vacant land.

The concession does not apply for contracts entered into after 16 June 2011.”

Source: SRO Tasmania

Stamp Duty Concession on Established Dwellings for First Home Buyers

“Between 20 May 2020 and 16 June 2011, a duty concession was available to first home buyers for the purchase of established dwellings.

The concession will not apply for contracts entered into after 16 June 2011.”

Source: SRO Tasmania