Australia: Housing and vehicle related tax measures in 2023-2024 budget (Tasmania)
Budget 2023-2024 was delivered on 25 May 2023, and includes housing and vehicle related tax measures
Budget 2023-2024 includes housing and vehicle related tax measures
The Tasmanian budget 2023-2024 was delivered by the Treasurer on 25 May 2023, and includes the following housing-related tax proposals:
- The eligible period for the first-time home buyer and pensioner downsizing duty concessions would be extended for 12 months up to 30 June 2024.
- The land tax exemptions for newly constructed dwellings made available for long-term rental and short-stay accommodation converted to long-term rentals would be extended for 12 months up to 30 June 2024.
Further, the duty waiver on the purchase of electric and hydrogen fuel-cell vehicles would be extended to 31 December 2023, when the purchase is for a new vehicle and the contract for purchase was entered into prior to 25 May 2023.
The budget also confirms that the government remains committed to introducing a road user charge for zero and low emission vehicles from 1 July 2027.
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