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DUTIES ACT 2000 - SECT 28A Rate for additional duty chargeable for foreign purchasers—residential property

DUTIES ACT 2000 - SECT 28A

Rate for additional duty chargeable for foreign purchasers—residential property

    (1)     This section applies to a dutiable transaction under which a land-related interest in residential property is transferred to a foreign purchaser.

S. 28A(2) amended by Nos 40/2016 s. 6, 67/2017 s. 5, 17/2019 s. 15.

    (2)     In addition to the duty otherwise chargeable under this Chapter, duty is also chargeable at a rate of 8% of the dutiable value of the land-related interest in residential property.