Tasmania Stamp Duty 2026-27: Rates, Expired First-Home Established-Home Relief and Foreign Surcharge

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Tasmania imposes property transfer duty on purchases of residential and other dutiable property under the Duties Act 2001 (Tas). For the 2026–27 financial year, general duty begins with a $50 flat charge on the first $3,000 and rises through seven brackets to a top rate of 4.5% on the portion above $725,000. For comparison with other state regimes, see this site’s articles on Queensland, Western Australia, South Australia, and the Australian Capital Territory. For broader tax context, see Australia Income Tax 2026-27. The most significant change for the 2026–27 year is the expiration of the 100% first-home established-home duty exemption, which applied to settlements from 18 February 2024 to 30 June 2026 on existing homes valued up to $750,000. From 1 July 2026, this relief is no longer available in its previous form. First-home buyers of new homes may still apply for the First Home Owner Grant of $10,000, and a foreign investor duty surcharge of 8% applies to residential acquisitions by foreign persons.

General Transfer Duty Rates

The general property transfer duty rates for the 2026–27 financial year are applied progressively to the dutiable value of the property as follows:

  • $0 – $3,000: A flat duty of $50.
  • $3,001 – $25,000: $50 plus $1.75 for every $100, or part of $100, over $3,000. This is an effective rate of 1.75% on the portion above $3,000.
  • $25,001 – $75,000: $435 plus $2.25 for every $100, or part of $100, over $25,000. An effective 2.25% on this tranche.
  • $75,001 – $200,000: $1,560 plus $3.50 for every $100, or part of $100, over $75,000. An effective 3.5% rate.
  • $200,001 – $375,000: $5,935 plus $4.00 for every $100, or part of $100, over $200,000. An effective 4% rate.
  • $375,001 – $725,000: $12,935 plus $4.25 for every $100, or part of $100, over $375,000. An effective 4.25% rate.
  • $725,001 and above: $27,810 plus $4.50 for every $100, or part of $100, over $725,000. A marginal rate of 4.5%.

The dutiable value is generally the higher of the consideration paid and the market value of the property at the date of transfer. As an illustration, a residential property purchased at a dutiable value of $550,000 would attract duty of approximately $20,372: $12,935 on the first $375,000, plus 4.25% on the remaining $175,000 (being $7,437). A property at $800,000 would attract duty of approximately $31,185: $27,810 on the first $725,000, plus 4.5% on the remaining $75,000 (being $3,375).

Expired First-Home Established-Home Exemption

Between 18 February 2024 and 30 June 2026, Tasmania offered a 100% transfer duty exemption to first-home buyers purchasing an established (existing) home with a dutiable value up to $750,000. This was a significant concession that applied to a broad range of existing dwellings across the state.

This exemption was a temporary measure with a legislated end date. For settlements occurring on or after 1 July 2026 — the start of the current 2026–27 financial year — the established-home duty exemption has lapsed in its current form. A first-home buyer who enters into a contract today for an existing home, with settlement falling in the 2026–27 year, is not entitled to the 100% duty exemption and must pay duty according to the general rates.

This change is material. Under the expired exemption, a first-home buyer purchasing an existing home at $600,000 would have paid no transfer duty. Under the current (2026–27) regime, that same purchase would attract duty of approximately $22,935 under the general rate schedule, representing an additional upfront cost of that amount.

First-home buyers considering an existing home in Tasmania in 2026–27 should factor the full general duty into their purchase budget and financing arrangements, as the temporary relief that defined the previous two years is no longer available.

First-Home New-Home Support

First-home buyers who purchase or build a new home remain eligible for the First Home Owner Grant (FHOG). The FHOG provides a one-off payment of $10,000, and key eligibility requirements include:

  • The home must be a newly constructed dwelling, an off-the-plan purchase, or a comprehensive building contract for a new home.
  • There is no specific price cap on the FHOG in Tasmania; however, the grant amount is a flat $10,000 regardless of the purchase price.
  • The applicant must be a natural person who is an Australian citizen or permanent resident, at least 18 years old.
  • The applicant must not have previously owned residential property in Australia or received a first-home owner grant.
  • The applicant must occupy the home as their principal place of residence for a continuous period of at least six months, commencing within 12 months of settlement or construction completion.

Unlike the expired established-home exemption, the FHOG is a cash grant rather than a duty reduction. First-home buyers of new homes must still pay transfer duty on the purchase under the general rates, then may apply the FHOG toward their costs.

Foreign Investor Duty Surcharge (FIDS)

Tasmania imposes a Foreign Investor Duty Surcharge (FIDS) of 8% on the dutiable value of residential property acquired by a foreign person or entity. The surcharge is applied in addition to the general transfer duty and is not reduced by any other concession or grant.

A foreign person for these purposes generally includes individuals who are not Australian citizens or permanent residents, foreign corporations, and trustees of foreign trusts. Certain New Zealand citizens holding a special category visa (subclass 444) are not classified as foreign persons. The surcharge is calculated on the full dutiable value of the residential property and must be paid at settlement.

As an illustration, a foreign person purchasing a residential property in Tasmania at a dutiable value of $600,000 would pay general transfer duty of approximately $22,935 plus the FIDS of $48,000 (being 8% of $600,000), for a total duty liability of approximately $70,935.

Pensioner and Other Concessions

Tasmania offers a pensioner duty concession for eligible pensioners purchasing a home that will be their principal place of residence. The concession provides a 50% reduction on the first $400,000 of dutiable value, subject to eligibility criteria including holding a valid pensioner concession card and not having previously owned a home (or having disposed of a previous home). This concession continues to apply in the 2026–27 year and is independent of the lapsed first-home established-home exemption.

Frequently Asked Questions

Do I get a stamp duty exemption on an existing home in Tasmania in 2026-27?

No. The 100% first-home established-home duty exemption, which applied to existing homes valued up to $750,000, expired on 30 June 2026. For settlements from 1 July 2026, first-home buyers purchasing an existing home must pay the full general transfer duty. There is currently no replacement established-home relief in force for the 2026–27 financial year.

What support is available for first-home buyers in Tasmania now?

As at July 2026, the primary first-home buyer support is the First Home Owner Grant of $10,000 for new homes. This is a cash grant, not a duty reduction — the buyer must still pay general transfer duty on the purchase. First-home buyers of new homes may also be eligible for the pensioner duty concession if they hold a pensioner concession card, but the former blanket established-home exemption no longer applies.

How much is the foreign surcharge in Tasmania?

Tasmania’s Foreign Investor Duty Surcharge (FIDS) is 8% of the dutiable value of residential property, payable in addition to general transfer duty. It applies to individuals who are not Australian citizens or permanent residents, and to foreign corporations and trusts.

What is the duty on a $500,000 home in Tasmania?

Under the general rates, a residential property at a dutiable value of $500,000 would attract transfer duty of approximately $18,247: $12,935 on the first $375,000, plus 4.25% on the next $125,000 (being $5,312). Note that this is the figure for any purchaser under the general rates, as the first-home established-home exemption no longer applies.

When will the first-home established-home exemption return?

The exemption that applied from 18 February 2024 to 30 June 2026 was a legislated temporary measure. As at July 2026, there has been no announcement of a replacement or extension. First-home buyers should monitor the State Revenue Office of Tasmania website and the Tasmanian Government budget for any future policy changes.

Data Sources and Currency

This article draws on the official rates, thresholds, and eligibility rules published by the State Revenue Office of Tasmania and the governing legislation. Key sources include:

Data current as at July 2026. Transfer duty rates, concession thresholds, and FHOG terms are set by the Tasmanian Government and may be amended. Verify current rates with the State Revenue Office of Tasmania or a licensed conveyancer.

Disclaimer

This article provides general information only and does not constitute financial, tax, or legal advice. Individual duty liability depends on the specific circumstances of each transaction, including the purchaser’s residency status, prior property ownership, and the nature of the property. Confirm all figures and eligibility with the State Revenue Office of Tasmania or a licensed conveyancer or solicitor.