Tasmanian Government Concessions

Duty for pensioners downsizing to a new home

Concession details

A 50 per cent duty concession for eligible pensioners who sell their existing home and downsize to a new home is available where the property:

  • being acquired has a property value of $400 000 or lower and
  • sale of their existing property completes within 12 months of 10 February 2018; and
  • value of the new property is less than that of the existing property being sold.

Specific conditions apply to this concession which is only available for their principal place of residence.

For more information:

Department of Treasury and Finance
Phone:
6166 4400 or 1800 001 388
Email:
dutyhelp@treasury.tas.gov.au
Web:
www.sro.tas.gov.au