Property, Water and Land Tax

Duty relief for first home buyers of established homes based on the date of the transfer is available.

• A duty concession applies between 7 February 2018 to 17 February 2024 inclusive.
• A duty exemption applies between 18 February 2024 to 30 June 2026 inclusive.

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

A 50% 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 the purchase of their new home completes between 10 February 2018 and 15 March 2021.

Or

• The purchase of their new home completes between 16 March 2021 and 31 December 2021 inclusive and the property being acquired has a property value of $500,000 or lower.

Or

• The purchase of their new home completes between 1 January 2022 and 30 June 2025 inclusive and the property being acquired has a property value of $600,000 or lower.
• The value of the new property is less than that of the property being sold. Specific conditions apply to this concession, including that the purchaser must occupy the new property as 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

An exemption from duty on the transfer of property used for principally for primary production, is available when the property is transferred to a relative, to a certain trusts or companies involving relatives of the transferor.

Detailed and specific conditions apply to this concession.

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

An exemption from duty on the transfer of property from one de facto to another, or to a child of the de facto relationship, is available.

Eligibility:

• Partners in a de facto relationship that has broken down.
• A child of the relationship is under the age of 18 years.

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

An exemption from duty on the transfer of matrimonial property from one spouse to another, or to a child of the marriage, is available.

Eligibility:

• Partners in a marriage that has broken down.
• A child of the relationship is under the age of 18 years.

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

An exemption from duty on the transfer of property from one partner to another, or to a child of the partners of a personal relationship (married, unmarried and carer relationships) is available.

• Partners in a personal relationship that has broken down.
• A child, of the partners, under the age of 18 years.

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

An exemption from duty on the transfer of property into joint names is available.

Eligibility:

• Partners in a marriage or personal relationship (significant and carer relationships).

The parties to the transfer must reside at the property as 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

A land tax concession may be available for land adjoining principal residence land (as at 1 July each year):

• Where an owner holds two properties on separate titles that adjoin each other, and one of those properties is the owner’s principal residence land, the second property may also qualify for a principal residence land concession.

Detailed and specific conditions apply to this concession.

For more information:

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

A land tax concession may be available for land (as at 1 July each year) that is used substantially for the business of primary production.

For more information:

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

A land tax concession may be available for land (as at 1 July each year).

• On which a dwelling exists.
• Where the owner (who has at least a 50 percent interest in the land) resides as their principal place of residence.

A rebate on land tax may be available on land on which a dwelling is built as the principal place of residence of the owner during the year.

For more information:

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

The principal residence land or primary production land concession may continue to apply for land that has been subject to fire, flood or a similar disaster.

Where a property has either a principal residence land or primary production land classification and is affected by a natural disaster (the land is not suitable to be occupied as principal residence land or used as primary production land), the property will, in certain circumstances, continue to receive either the principal residence land or primary production land classification for up to two financial years following the disaster.

Detailed and specific conditions apply to this concession.

For more information:

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

The principal residence land concession may continue to apply for one further financial year following the death of an owner of a property.

Where a property has a principal residence land classification and the owner (who was residing at the property) dies, the property will, in certain circumstances, continue to receive the principal residence land classification for the financial year following the death.

Detailed and specific conditions apply to this concession.

For more information:

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

A rebate of land tax is available to all owners of land (as at 1 July each year) where the owners have two principal places of residence in transitional circumstances.

The rebate applies where owners have purchased a new principal place of residence before 30 June but not yet sold their previous principal place of residence by that date.

Detailed and specific conditions apply to this concession.

For more information:

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

An exemption for land tax is available to pensioners who partially use their principal residence land or primary production land for other purposes.

Detailed and specific conditions apply to this concession.

For more information:

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

An exemption for land tax is available for properties where new dwellings are made available for long-term rental.

The exemption is available for three years for properties where each dwelling on the land is a new dwelling and is used for long-term rental.

Detailed and specific conditions apply to this exemption.

For more information:

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

An exemption for land tax is available for properties where short-term accommodation is converted to long-term rental.

The exemption is available for one year for properties where each dwelling on the land is converted from short-term accommodation to long-term rental.

Detailed and specific conditions apply to this exemption.

For more information:

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

Eligible TasWater customers can receive a Tasmanian Government funded discount of up to $237.78 ($118.89 for water charges and $118.89 for sewerage charges) for the 2024-25 financial year.

Eligibility:

• Must be legally responsible for the TasWater account.
• Resides at the property as their principal place of residence.
• An eligible concession card including:

1. Services Australia or DVA issued Pensioner Concession Card.
2. Services Australia issued Health Care Card.
3. DVA issued Veterans Gold Card.

Customers are encouraged to submit the application at the start of the financial year (1 July 2024) to ensure they have access to the full discounted amount, as the concession can only be applied from the date it is received.

TasWater is required to verify your eligibility for a concession with Services Australia or DVA, which requires you to provide consent to share your information with Services Australia or DVA.

For more information:

TasWater
Phone: 136 992
Email: enquiries@taswater.com.au
Web: www.taswater.com.au/Your-Account/Concessions-and-Rebates