News

Australia Non Residents

New duty and land tax surcharges for foreign buyers of residential properties  in Australia

https://www.claytonutz.com/knowledge/2016/june/new-duty-and-land-tax-surcharges-for-foreign-buyers-of-land-in-australia

Duty surcharge at a glance

Rate of duty surcharge

New South Wales: 4% surcharge from 21 June 2016.

Victoria: 7% surcharge proposed from 1 July 2016 (increasing from 3%).

Queensland: 3% from 1 October 2016 – known as AFAD (Additional Foreign Acquirer Duty).