A man has died  after receiving a gunshot wound in an incident in Bridgewater last night.

Police were called to a residence in Douglas Drive shortly before 1am after receiving a report a man had suffered a gunshot wound. He died at the scene a short time after police arrived.

It is believed to be a targeted incident between two people known to each other and an investigation is underway to locate the alleged offender. Anyone with information is asked to contact Tasmania Police on 131444 or Crimestoppers 1800 333 000

Further information and details of a press conference will be provided later this morning.