State Revenue Updated Duty Concessions

Following discussions and agreement with finance practitioners and representatives of the Law Society of Tasmania and the Australian Institute of Conveyancers (Tasmania Division), the State Revenue Office has simplified the process for administering the concessions. The concessions can now be applied at the time an eligible taxpayer’s representative processes the property transaction through Tasmanian Revenue Online, instead of it being referred to the State Revenue Office to process.

The eligibility criteria for both of the concessions have not changed.

The amended arrangements are set out in these factsheets:

  1. a) First home buyers of established homes; and
  2. b) Pensioners selling their existing home to downsize to another property.