The Commissioner of State Revenue has published Revenue Ruling: Wills and Estates – Duty Exemptions & Concessions. The new Ruling applies to assessments and reassessments on and after 1 June 2022.
In brief, certain transactions are entitled to exempt and concessional treatment under the Duties Act 2001. The Ruling explains how the exemptions and concessions operate and are applied by the Commissioner of State Revenue.
State Revenue Office, Tasmania
1 June 2022