Concessions of up to $4,000 on transfer duty are available to eligible first home buyers.
Refund arrangements up to $2,400 are also available for duty on transfer of land on which a first home is subsequently built.
House and land
Up to $4,000 concession on duty is available to first home buyers eligible for the First Home Owner Grant and who:
- purchase a home for $350,000 or less
- purchase the property on or after 20 May 2004.
Vacant land
Up to a $2,400 refund on duty is available for purchases of vacant land upon which a first home is built, subject to the following conditions:
- the owner is eligible for the First Home Owner Grant
- the land is worth $175,000 or less
- the property was bought on or after 20 May 2004
- duty has been paid
- occupancy certificate is obtained within two years of the date of the agreement to purchase the land
- the application for a refund is made within three months of the occupancy certificate being issued.
For more information:
Phone: 6233 3722 or 1800 001 388
Email: dutyhelp@treasury.tas.gov.au
Web: www.sro.tas.gov.au