If you’re classified as a foreign person, you must pay an 8 per cent surcharge on the value of any residential land you buy.
This is known as surcharge purchaser duty and it is payable in addition to any transfer duty.
You may also have to pay surcharge purchaser duty on other types of transactions, such as when you declare a trust or transfer a lease.
Foreign corporations and trusts may also have to pay the surcharge.
You’re generally considered a foreign person unless you’re an Australian citizen or you’ve lived in Australia for more than 200 days in the 12 months prior to the purchase date and are
When you buy residential property you must complete a purchaser / transferee declaration and provide supporting documents so we can determine whether you need to pay surcharge purchaser duty.
If there are multiple purchasers / transferees , then each purchaser / transferee needs to complete a declaration.
In addition to the declaration other supporting outlined in the explanatory notes, evidence must be provided upon request.
If you haven't found the answer on this website to your questions about your status as a foreign person and whether you need to pay the surcharge, contact us.