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Serious Tax rises on foreign homebuyers in Australia

Thread starter Runifyouhaveto
Start date Jun 14, 2016

Runifyouhaveto

Alfrescian

Loyal

Jun 14, 2016

New South Wales and Queensland said on Tuesday they were introducing stamp duty charges for foreign buyers of 4 per cent and 3 per cent respectively. NSW will also levy a 0.75 per cent land tax surcharge on real-estate investors from next year. In April the state of Victoria increased an existing stamp duty charges for foreign buyers of property to 7 per cent.

https://next.ft.com/content/16859cde-31f7-11e6-8825-ef265530038e

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