Duty relief for first home buyers of established homes based on the date of the transfer is available.
A - Duty concession between: 7 February 2018 to 17 February 2024 inclusive:
This concession provides a 50 per cent discount on property transfer duty for first home buyers of established homes, which have a dutiable value of: $400 000 or less for purchases of established homes that settle (i.e. transfers that complete) between 7 February 2018 and 15 March 2021 inclusive; or $500 000 or less for purchases of established homes that settle (i.e. transfers that complete) between 16 March 2021 and 31 December 2021 inclusive; or $600 000 or less for purchases of established homes that settle (i.e. transfers that complete) between 1 January 2022 and 17 February 2024 inclusive.
B - Duty exemption between 18 February 2024 to 30 June 2026 inclusive: The exemption provides an exemption from property transfer duty for first home buyers of established homes which have a dutiable value of $750 000 or less which settle (i.e. transfers that complete) between 18 February 2024 to 30 June 2026.
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