{"id":9643,"date":"2023-10-08T19:30:25","date_gmt":"2023-10-08T08:30:25","guid":{"rendered":"https:\/\/mnygroup.com.au\/%e5%a1%94%e6%96%af%e9%a9%ac%e5%b0%bc%e4%ba%9a%e5%b7%9e%e7%9a%84%e5%8d%b0%e8%8a%b1%e7%a8%8e\/"},"modified":"2024-11-05T17:34:18","modified_gmt":"2024-11-05T06:34:18","slug":"tasmania-stamp-duty","status":"publish","type":"post","link":"https:\/\/mnygroup.com.au\/en\/tasmania-stamp-duty\/","title":{"rendered":"Stamp Duty in Tasmania"},"content":{"rendered":"\n

Stamp duty is a form of taxation imposed by the Tasmanian State Government according to the Duties Act 2001. It applies when acquiring an interest in the dutiable property, such as purchasing a property. The duty payment is required to be made within three months from the date of the dutiable transaction, typically the settlement date.  <\/p>\n\n\n\n

How is stamp duty in Tasmania is calculated?<\/strong> <\/strong><\/h2>\n\n\n\n
Value of the property (including chattels)<\/strong> <\/td>Duty payable<\/strong> <\/td><\/tr>
Not more than $3 000<\/strong> <\/td>$50 <\/td><\/tr>
More than $3 000 but not more than $25 000<\/strong> <\/td>$50 plus $1.75 for every $100, or part, by which the dutiable value exceeds $3 000 <\/td><\/tr>
More than $25 000 but not more than $75 000<\/strong> <\/td>$435 plus $2.25 for every $100, or part, by which the dutiable value exceeds $25 000 <\/td><\/tr>
More than $75 000 but not more than $200 000<\/strong> <\/td>$1,560 plus $3.50 for every $100, or part, by which the dutiable value exceeds $75 000 <\/td><\/tr>
More than $200 000 but not more than $375 000<\/strong> <\/td>$5,935 plus $4.00 for every $100, or part, by which the dutiable value exceeds $200 000 <\/td><\/tr>
More than $375 000 but not more than $725 000<\/strong> <\/td>$12,935 plus $4.25 for every $100, or part, by which the dutiable value exceeds $375 000 <\/td><\/tr>
More than $725 000<\/strong> <\/td>$27,810 plus $4.50 for every $100, or part, by which the dutiable value exceeds $725 000 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Stamp duty exemption in Tasmania<\/strong><\/strong><\/h2>\n\n\n\n
  • First home buyers of established homes duty concession: <\/li>
  • \u200b\u200bProvides a 50 per cent concession on property transfer duty to eligible first-home buyers of established homes.\u200b <\/li><\/ul>\n\n\n\n
    • Pensioners downsizing to a new home duty concession <\/li>
    • \u200b\u200bProvides a 50 per cent concession on property transfer duty to eligible pensioners who sell their former home in Tasmania and downsize to a new home in Tasmania.\u200b\u200b <\/li><\/ul>\n\n\n\n
      • Personal relationship duty exemption <\/li>
      • \u200b\u200b\u200bProvides an exemption from property transfer duty when a principal place of residence is transferred between partners in a marriage, a significant relationship or caring partners. <\/li><\/ul>\n\n\n\n
        • Breakdown of relationship duty exemption <\/li>
        • \u200b\u200b\u200bProvides exemption from duty for the transfer of property following the breakdown of a relationship.\u200b <\/li><\/ul>\n\n\n\n
          • Intergenerational rural transfer (family farm) exemption <\/li><\/ul>\n\n\n\n
            • \u200b\u200bProvides an exemption from property transfer duty on the transfer of primary production land to relatives or certain trusts and companies involving relatives. <\/li><\/ul>\n\n\n\n
              • Corporate reconstruction and consolidation transaction exemption <\/li>
              • \u200b\u200b\u200b\u200bProvides specific duty\u200b exemptions for corporate reconstruction and corporate consolidation transactions resulting from corporate reorganisations. <\/li><\/ul>\n\n\n\n

                Exemptions for the First Home Buyers in Tasmania<\/strong><\/strong><\/h3>\n\n\n\n

                Who can apply?  <\/h4>\n\n\n\n

                To be eligible for the exemption mentioned, the following conditions must be met by all purchasers\/transferees: <\/p>\n\n\n\n

                1. Purchase an established home in Tasmania that falls within specific value limits: <\/li><\/ol>\n\n\n\n
                  • $400,000 or less between 7 February 2018 and 15 March 2021 (inclusive) <\/li>
                  • $500,000 or less between 16 March 2021 and 31 December 2021 (inclusive) <\/li>
                  • $600,000 or less between 1 January 2022 and 30 June 2024 (inclusive) <\/li><\/ul>\n\n\n\n
                    1. Be a natural person (not a company or trust). <\/li><\/ol>\n\n\n\n
                      1. Be at least 18 years old. <\/li><\/ol>\n\n\n\n
                        1. Be an Australian citizen or permanent resident. If there are multiple applicants, at least one of them must meet this criterion. <\/li><\/ol>\n\n\n\n
                          1. Neither the applicant nor their spouse\/partner should have previously owned a home in Australia. <\/li><\/ol>\n\n\n\n
                            1. Neither the applicant nor their spouse\/partner should have received a First Home Owner Grant or Duty Concession in any state or territory of Australia. <\/li><\/ol>\n\n\n\n
                              1. Complete the application form thoroughly and submit it with all the required supporting documentation. <\/li><\/ol>\n\n\n\n
                                1. List each person holding a relevant interest in the property on the application form. <\/li><\/ol>\n\n\n\n

                                  How much is the stamp duty with the first home buyer concession?<\/strong> <\/strong><\/h3>\n\n\n\n
                                  Property Value Range (inclusive)<\/strong> <\/td>Duty Payable (Percentage of Property Value)<\/strong> <\/td><\/tr>
                                  $0 – $400,000<\/strong> <\/td>0% <\/td><\/tr>
                                  $400,001 – $500,000<\/strong> <\/td>Reduced duty, calculated on a sliding scale <\/td><\/tr>
                                  $500,001 and above<\/strong> <\/td>Full duty applies <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                                  \"Bridge<\/figure>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":14,"featured_media":9486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1704],"tags":[],"class_list":["post-9643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-tax","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/9643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/comments?post=9643"}],"version-history":[{"count":0,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/9643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media\/9486"}],"wp:attachment":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media?parent=9643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/categories?post=9643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/tags?post=9643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}