Stamp Duty Rates, Discounts & Government Grants Tasmania (TAS)
Update: View stamp duty changes for Tasmania following the Tasmanian 2011/2012 state budget here.
There is 1 stamp duty discount and 1 grant available for Tasmanian property purchasers.
First Home Owner’s Grant
You can get the ‘First Home Owner’s Grant’ of $7,000 only if you plan on living in the property for at least 6 months and the property is not valued at more than $750,000.
This grant is part of a federal government initiative and is offered Australia-wide.
1st Home Buyer’s Stamp Duty Discount
The Duty Concession is a concessional rate of duty on the purchase of a property by a First Home Buyer. There are two types of concession available. The first relates to the purchase of established dwellings and the second relates to the purchase of land on which a dwelling is subsequently erected under a comprehensive home building contract by a builder or an owner builder.
A concession of up to a maximum of $4 000 will be applied to the purchase of established dwellings up to a dutiable value of $350 000. The maximum concession available in relation to the purchase of vacant land is $2 400, providing the dutiable value of the vacant land does not exceed $175 000.
Can I claim a first home owner’s stamp duty concession for an investment property?
From the State Revenue Office of Tasmania:
“The concession will be available to applicants who are eligible to receive the First Home Owner Grant (“FHOG”) provided the dutiable value of the property is $350 000 or less for an established dwelling, or $175 000 or less for the purchase of vacant land. Note: there are additional criteria that need to be met when purchasing vacant land. …
FHOG eligibility requirements are:
…
Applicants must occupy the home purchased or built, as their principal place of residence for a continuous period of 6 months commencing within 12 months of the date of purchase or completion of construction.”
Stamp Duty Rates & Thresholds
Rent Out or Live In Stamp Duty Rates
Value |
Duty |
Less Than $1 300 |
$20 |
$1 300 – $10,000 |
1.50% |
$10 000 – $30 000 |
$150 + 2% of value over $10 000 |
$30 000 – $75 000 |
$550 + 2.50% of value over $30 000 |
$75 000 – $150 000 |
$1 675 + 3% of value over $75 000 |
$150 000 – $225 000 |
$3 925 + 3.50% of value over $150 000 |
More than $225 000 |
$6 550 + 4% of value over $225 000 |
1st Home Buyer’s Stamp Duty Discount Rates
Dutiable Value |
Duty Amount |
Duty Payable with concession applied |
|
|
|
||
|
|
Established Dwelling |
Vacant Land |
$ 20 000 |
$ 350 |
Nil |
Nil |
$ 30 000 |
$ 550 |
Nil |
Nil |
$ 40 000 |
$ 800 |
Nil |
Nil |
$ 50 000 |
$ 1 050 |
Nil |
Nil |
$ 60 000 |
$ 1 300 |
Nil |
Nil |
$ 70 000 |
$ 1 550 |
Nil |
Nil |
$ 80 000 |
$ 1 825 |
Nil |
Nil |
$100 000 |
$ 2 425 |
Nil |
$ 25 |
$120 000 |
$ 3 025 |
Nil |
$ 625 |
$140 000 |
$ 3 625 |
Nil |
$ 1 225 |
$160 000 |
$ 4 275 |
$ 275 |
$ 1 875 |
$175 000 |
$ 4 800 |
$ 800 |
$ 2 400 |
$180 000 |
$ 4 975 |
$ 975 |
$ 4 975 |
$200 000 |
$ 5 675 |
$1 675 |
$ 5 675 |
$220 000 |
$ 6 375 |
$2 375 |
$ 6 375 |
$240 000 |
$ 7 150 |
$3 150 |
$ 7 150 |
$260 000 |
$ 7 950 |
$3 950 |
$ 7 950 |
$280 000 |
$ 8 750 |
$4 750 |
$ 8 750 |
$300 000 |
$ 9 550 |
$5 550 |
$ 9 550 |
$320 000 |
$10 350 |
$6 350 |
$10 350 |
$340 000 |
$11 150 |
$7 150 |
$11 150 |
$350 000 |
$11 550 |
$7 550 |
$11 550 |
Stamp Duty & Grants Calculator
Want to calculate how much stamp duty you will have to pay and how much in government grants you can receive?
Use our Free Online Stamp Duty & Government Grants Calculator.