News

Tasmanian Government new taxation measures 2018

The State Treasurer introduced a Bill to the House of Assembly on Thursday 14 June 2018 outlining a range of new taxation measures. The measures deal with the following and are conditional on their passage through Parliament, and Royal Assent.

Duty
Duty concession for first home buyers of established homes
Duty concession for pensioners downsizing to a new home
Foreign investor duty surcharge

Land Tax
Three-year Land Tax exemption for newly built housing made available for long-term rental
One-year Land Tax exemption for newly listed rental properties 2018 Housing Summit measure

Payroll Tax
Reduced Payroll Tax bracket rate
Payroll Tax Rebate Scheme
Three-year Payroll Tax exemption

First Home Owner Grant
Extension of the $20 000 grant for eligible first home owners 2018-19 State Budget measure

For more information about the eight measures (plus the extension of the First Home Owner Grant), please refer to this factsheet.