Stamp Duty Calculator TAS
DISCLAIMER: IMPORTANT INFORMATION ABOUT OUR STAMP DUTY CALCULATORS
The calculator on this website is offered for informational purposes only, serving to demonstrate possible scenarios. The results generated by the calculator are intended solely as a general guide and an estimation, founded upon the data you have supplied. It is essential to understand that reliance on the calculator for making legal or financial decisions is not advised.
The outcome provided by this tool is not a replacement for expert consultation and should not be interpreted as professional counsel. It is important to consider obtaining independent legal, financial, taxation, or other advice that pertains to your particular situation.
Broker Circle Pty Ltd exercises due diligence in the creation and maintenance of this calculator; nevertheless, we do not guarantee the accuracy or suitability of the information provided for your specific circumstances, nor do we suggest any specific course of action based on these calculations. The calculator is configured for purchasing owner-occupied homes only and its use is not intended for land purchases or investment properties. Be aware that additional fees and charges may apply.
Last updated: 5 August 2023. BrokerCircle's calculator reflects the updates for the 2023-2024 financial year.
Frequently asked questions
Everything you need to know about Tasmania stamp duty
What are the stamp duty rates for property purchases in Tasmania?
Stamp duty in Tasmania is assessed on a graduated scale relative to the property's purchase price. Here's a breakdown of the rates applicable to residential properties that are intended to be occupied by the owner:
- Up to $3,000: Stamp duty is a flat rate of $50.
- $3,001 - $25,000: Duty is $50 plus $1.75 per $100 over $3,000.
- $25,001 - $75,000: Duty is $435 plus $2.25 per $100 over $25,000.
- $75,001 - $200,000: Duty is $1,560 plus $3.50 per $100 over $75,000.
- $200,000 - $375,000: Duty is $5,935 plus $4.00 per $100 over $200,000.
- $375,000 - $725,000: Duty is $12,935 plus $4.25 per $100 over $375,000.
- Over $725,000: Duty is $27,810 plus $4.50 per $100 over $725,000.
These rates are not applicable to investment properties. First home buyers may be entitled to further concessions.
What are the costs associated with transferring property titles and registering mortgages in Tasmania?
In Tasmania, a flat transfer fee of $233.18 is charged to register a change in property titles, known as a transfer fee. For those financing their property with a mortgage, a flat mortgage registration fee of $152.19 is also required. These fees are accurate as of July 2023 for the fiscal year 2023-2024.
Is there a stamp duty discount available for first home buyers in Tasmania?
Yes, Tasmania provides a concession for first home buyers purchasing established properties valued at up to $600,000, offering a 50% reduction in stamp duty. To qualify, the following conditions must be met:
- The home must be an established dwelling.
- The purchase price must be $600,000 or below.
- The purchase must occur between 1 January 2022 and 30 June 2023.
- At least one applicant must be an Australian citizen or permanent resident.
- Applicants must be at least 18 years of age.
- Neither you nor your partner (if applicable) should have previously owned property in Australia.
- The property must become your primary residence for at least six consecutive months within the first year after purchase.
- You must not have received the First Home Owners Grant anywhere in Australia.
Who is considered a foreign owner, and are there additional duties for foreign purchasers in Tasmania?
A foreign purchaser duty surcharge, which amounts to 8% of the property's value, is levied on foreign owners in Tasmania.
You are not deemed a foreign owner if you are:
- An Australian citizen,
- A permanent resident, or
- A New Zealand citizen with a special category visa.
If a foreign owner is buying property in conjunction with an Australian citizen or permanent resident partner, they may be exempt from the foreign owner duty, provided that the property is an existing dwelling and becomes the primary residence within six months of the transaction. Separate conditions apply for the purchase of vacant land.
Be aware that additional expenses may be incurred beyond this surcharge.
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