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ARTICLE · 13 OCTOBER 2026

Changes To Tasmanian Duty And Land Tax

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

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Tasmania's new taxation bill introduces significant changes for foreign investors and corporate groups, including reduced thresholds for surcharge relief and streamlined restructuring exemptions. The amendments lower the dwelling requirement from 50 to 10 units for foreign investor duty relief and eliminate pre- and post-transaction association requirements for corporate reconstructions.

AustraliaTax
Jinny Chaimungkalanont
Jinny Chaimungkalanont
Mark Peters
Mark Peters
Melissa Chung
Melissa Chung
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Tasmania has introduced the Taxation and Related Legislation (Miscellaneous Amendments) Bill 2026 (Tas) (Bill) which proposes a range of amendments including to the Duties Act 2001 (Tas) (Duties Act), Land Tax Act 2000 (Tas) (LTA) and Taxation Administration Act 1997 (Tas) (TAA). 

The proposed changes are helpful to investments in Tasmania, including for foreign developers and corporate groups undertaking a restructure.

The Bill has passed Tasmanian Parliament and is currently awaiting Royal Assent. Certain provisions, including the foreign investor duty and land tax surcharge relief provisions, will have retrospective effect from 1 July 2026.

The key changes introduced in the Bill include:

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