Tasmanian Stamp Duty: 2026-27 Rates and Rules

From 1 July 2026, most Tasmanian home buyers pay duty on the standard schedule with no concession. The first home buyer exemption for established homes ended for purchases settling after 30 June 2026, and the off-the-plan apartment concession closed to new agreements on the same date. The 2026-27 State Budget, delivered on 21 May 2026, did not extend either. The rate schedule itself is unchanged. This guide covers the 2026-27 rates, how the calculation works, what relief is still available and the foreign investor duty surcharge.

AgentBridge publishes this for buyers and developers active in Tasmania who need an accurate duty figure for budgeting. Figures are sourced directly from the State Revenue Office Tasmania (SRO).

What Stamp Duty Is in Tasmania

Property transfer duty (the formal name in Tasmania) is a state tax on the dutiable value of a property transfer. The dutiable value is the higher of the unencumbered value (what the property would sell for on the open market) or the consideration paid. The SRO administers the tax under the Duties Act 2001.

The buyer pays the duty. It falls due within 3 months of the date of the dutiable transaction, which is usually the settlement date. Late payment attracts interest and penalty tax.

Tasmania uses a single 7-bracket rate schedule for all dutiable transactions. From 1 July 2026 there is no general first home buyer duty concession. The foreign investor duty surcharge sits on top of the standard schedule for foreign buyers.

The 2026-27 Tasmanian Stamp Duty Rate Schedule

A single rate schedule applies to all land transfers in Tasmania. The schedule has applied since 21 October 2013 and did not change on 1 July 2026.

The SRO applies each rate "for every $100, or part", so any part of $100 above the threshold counts as a full $100. The top marginal rate of 4.5% on the portion above $725,000 is one of the lowest in Australia. Tasmania has no premium duty band for ultra-high-value properties.

Worked Examples: Calculating Duty on $600k, $750k and $1.5M Purchases

Three worked examples show how the bracket method works in practice.

Example 1. $600,000 established home bought by a first home buyer.

The $600,000 purchase falls in the $375,001 to $725,000 bracket. Duty is $12,935 plus $4.25 per $100 over $375,000.

The amount over $375,000 is $225,000. At $4.25 for each $100 (2,250 lots of $100) the variable component is $9,562.50. Total duty payable is $12,935 plus $9,562.50, or $22,497.50.

Had this purchase settled on or before 30 June 2026, an eligible first home buyer would have paid $0 under the established-home exemption. For a settlement from 1 July 2026, the full amount is payable.

Example 2. $750,000 established home in Hobart.

The $750,000 purchase falls in the over $725,000 bracket. Duty is $27,810 plus $4.50 per $100 over $725,000.

The amount over $725,000 is $25,000. At $4.50 per $100 the variable component is $1,125. Total duty payable is $27,810 plus $1,125, or $28,935.

The same figure now applies to a first home buyer. Under the exemption that ended on 30 June 2026, an eligible first home buyer settling by that date would have paid $0.

Example 3. $1,500,000 waterfront home in Sandy Bay.

The $1,500,000 purchase falls in the over $725,000 bracket. Duty is $27,810 plus $4.50 per $100 over $725,000.

The amount over $725,000 is $775,000. At $4.50 per $100 the variable component is $34,875. Total duty payable is $27,810 plus $34,875, or $62,685.

Foreign investors add the 8% foreign investor duty surcharge on top, set out below.

First Home Buyers: What Applies From 1 July 2026

Tasmania no longer offers a duty exemption or concession for first home buyers of established homes.

First Home Buyers of Established Homes Duty Relief (ended).

• Full duty exemption on an established home with a dutiable value of $750,000 or less.
• Available only for purchases that settled between 18 February 2024 and 30 June 2026 inclusive.
• The SRO states that the exemption is not available for transactions settling after 30 June 2026.

A first home buyer whose purchase settles from 1 July 2026 pays duty on the standard schedule. On a $750,000 established home that is $28,935, as in Example 2. Before February 2024, Tasmania ran a 50% first home buyer concession with lower value caps, which applied from 7 February 2018 to 17 February 2024.

If you signed a contract before 1 July 2026 but settle after 30 June 2026, the exemption does not apply, because the test is the settlement date. Confirm your position with the SRO or your conveyancer. Source: State Revenue Office Tasmania.

First Home Owner Grant. The Tasmanian First Home Owner Grant is $20,000 for eligible transactions commencing between 1 July 2026 and 30 June 2027. It applies to new homes only and is a cash grant, not a duty concession. Full detail is in the Tasmania first home grants guide.

Off-the-Plan and New Home Purchases

Tasmania does not offer a general stamp duty exemption for new homes.

Off-the-plan apartment or unit duty concession (closed). This 50% concession applied to off-the-plan apartments and units with a dutiable value of $750,000 or less, where the agreement for sale was entered into between 1 July 2024 and 30 June 2026 inclusive. It is not available for agreements executed after 30 June 2026.

Buyers who signed an eligible agreement on or before 30 June 2026 can still receive the concession when the transfer occurs, provided the transfer happens before 30 June 2031 and the other conditions are met. An agreement signed from 1 July 2026 pays standard duty.

New home duty exemption. No general new-home duty exemption exists in Tasmania. The First Home Owner Grant is a cash grant, not a duty exemption.

Foreign Investor Duty Surcharge

Foreign persons acquiring residential property in Tasmania pay foreign investor duty surcharge (FIDS) of 8% of the dutiable value, charged on top of standard property transfer duty. The 8% rate has applied to agreements on or after 1 April 2020. Primary production property attracts a lower surcharge of 1.5%.

A foreign person includes individuals who are not Australian citizens or permanent residents, foreign corporations and foreign trusts. The surcharge applies to the foreign person's proportional interest in residential property.

On the $1.5M Sandy Bay example, FIDS of 8% adds $120,000 to the duty bill. Total duty for a foreign buyer becomes $62,685 plus $120,000, or $182,685.

Foreign buyers also need Foreign Investment Review Board approval before buying. See FIRB rules for property buyers 2026-27.

Other Concessions Worth Knowing

Several other duty concessions and exemptions remain in Tasmania.

Intergenerational rural transfer. Transfers of certain rural primary production property between family members may qualify for a full duty exemption, subject to occupation, use and relationship tests.

Personal relationship and breakdown of relationship transfers. Transfers between spouses, de facto partners or domestic partners of an interest in a principal place of residence, and transfers following the breakdown of a relationship (including under court orders or binding financial agreements), are generally exempt from duty.

Deceased estate transfers. Transfers to a beneficiary in accordance with a will or under the laws of intestacy may qualify for a duty concession or exemption. Check the position with the SRO.

Pensioner downsizing concession (closed). The 50% pensioner downsizing concession closed on 30 June 2025 and is not available for current purchases.

How and When You Pay

Property transfer duty in Tasmania is assessed by the SRO based on the executed contract or transfer. The buyer's conveyancer lodges documents through the Tasmanian Revenue Online (TRO) system.

Duty must be paid before the transfer can be registered with the Land Titles Office. In practice, payment is settled through the buyer's conveyancer at settlement, drawn from the buyer's settlement funds.

The strict legal deadline is 3 months from the date of the dutiable transaction, which is usually the settlement date. Late payment attracts interest at a published market rate and penalty tax that escalates with the length of delay.

Speak to a licensed conveyancer for advice on timing and any concessions that may apply to your specific purchase.

Frequently Asked Questions

Do first home buyers pay stamp duty in Tasmania on a $750,000 established home? Yes, if the purchase settles on or after 1 July 2026. Duty on a $750,000 home is $28,935. The full exemption for established homes up to $750,000 applied only to purchases settling between 18 February 2024 and 30 June 2026, and the 2026-27 State Budget did not extend it.

I signed my contract in June 2026. Do I still get the exemption? Only if the purchase settled on or before 30 June 2026. The exemption is tested on the settlement date, not the contract date. Confirm your position with the SRO or your conveyancer.

What stamp duty applies to a new home purchase by a first home buyer in Tasmania? Standard duty. Tasmania has no duty exemption for new homes. First home buyers of new homes may be eligible for the $20,000 First Home Owner Grant for transactions commencing between 1 July 2026 and 30 June 2027.

Is the off-the-plan apartment concession still available? Not for new agreements. The 50% concession closed to agreements executed after 30 June 2026. An eligible agreement signed on or before 30 June 2026 can still receive it if the transfer occurs before 30 June 2031.

Does Tasmania have a foreign buyer stamp duty surcharge? Yes. The Foreign Investor Duty Surcharge of 8% applies to residential property purchases by foreign persons, on top of standard property transfer duty. Primary production property attracts a lower 1.5% surcharge. Both rates have applied since 1 April 2020.

Related Resources

• Tasmania First Home Grants and Duty: the First Home Owner Grant, MyHome and federal schemes for Tasmanian first home buyers.
• How to Buy Property in Tasmania: the full Tasmanian purchase process from offer to settlement.
• Australian Stamp Duty Explained State by State: transfer duty across all states and territories.

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Figures sourced from the State Revenue Office Tasmania. This article is general information only and does not constitute financial product advice. Confirm current rates and your eligibility directly with the SRO or a licensed conveyancer before signing any contract.

Previous editions: Tasmanian Stamp Duty Explained: Rates Concessions and How to Calculate It (2025-26 rules)