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How can I reduce the amount of stamp duty I need to pay in TAS?

To reduce the amount of stamp duty payable in Tasmania, consider the following options:

  1. First Home Buyer Concessions: If you're a first-time buyer, you might get a 50% discount on stamp duty for established homes up to $600,000.
  2. Pensioner Concessions: Pensioners who downsize could also get a 50% discount, as long as they meet the criteria.
  3. Home and Land Package Exemption: This applies if you buy a newly built home and land together as a complete package.
  4. Regional Initiatives: Look into any regional programs that might lower stamp duty for properties in affordable housing areas.

For more details and to see if you qualify, talk to a professional or visit the State Revenue Office of Tasmania


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