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NSW imposes new stamp duty and land tax surcharges on foreign purchasers of residential real estate

Foreign purchasers of residential land in NSW are now exposed to additional stamp duty and land tax charges, following changes to State taxes as part of the NSW 2016 State Budget. Foreign purchasers must pay a stamp duty surcharge of 4 per cent on the acquisition of residential real estate. A land tax surcharge of 0.75 per cent has also been imposed on the taxable value of residential land owned by foreign persons.
  • 11 Nov 2016

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