Anyone buying property in Tasmania – whether it's a home to live in, an investment property, or a commercial property – must pay stamp duty, unless they qualify as an eligible first-home buyer. Stamp duty also applies when a property title is transferred, even if it’s a gift, unless an exemption applies.
Keep in mind that stamp duty is an extra cost on top of your house deposit and the purchase price.
If you're buying a property with the help of a conveyancer, they may take care of the paperwork and lodge the payment with the revenue office on your behalf. You can ask your lender to increase the principal amount of your home loan to account for stamp duty. Doing so will increase your home loan repayments.
When is stamp duty in TAS payable?
In TAS, stamp duty is payable within 90 days of settlement. Late payment penalties apply.