1 July 2021

Michael Ferguson, Minister for State Development, Construction and Housing

Tasmanians to pay less land tax, get stamp duty concessions and more First Home Owners Grants

The Tasmanian Liberal Government is continuing to deliver our plan to secure Tasmania’s future, including introducing legislation to ease the cost of living for Tasmanians.

Today, the Tasmanian Parliament has passed legislation that will enact our election promises through the Treasury Miscellaneous (Cost of Living and Affordable Housing Support) Bill 2021.

The passing of the Bill includes;

• increasing the First Home Owners Grant from $20,000 to $30,000, backdated to 1 April 2021 until 30 June 2022;
• increasing the threshold for the 50 per cent stamp duty concession to apply to purchases up to $500,000 for Tasmanians buying their first home and pensioners downsizing their family home, which will be backdated to 16 March 2021;
• reducing land tax costs by increasing thresholds, allowing payment by instalments on accounts over $500 and reducing interest applied to deferred payments; and
• capping the Motor Accidents Insurance Board duty as part of our new quarterly vehicle registration payment option.

Only the Tasmanian Liberal Government is delivering a clear Plan to secure Tasmania’s future.

More Media Releases from Michael Ferguson

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