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Australian Stamp Duty and Land Tax for Non-Residents

Stamp Duty and Land Tax - Absentee and Foreign Owners

The last few years has seen the implementation of a range of new stamp duty and land tax changes in Australia largely focused on foreign investors and, more recently, "absentee" owners. In most situations, Australian citizens and permanent residents working overseas are not caught by the new provisions, following the repeal of some particularly harsh provisions in Queensland with effect from July 1, 2019.

You need to be broadly aware of these provisions because at least one State appears to have simply invoiced all property owners with an overseas contact address on the basis that they are subject to new land tax provisions - regardless of the owners being Australian citizens or permanent residents. You should seek professional advice confirming any exposure, prior to making or challenging any payment demands.

We have provided a summary of stamp duty and absentee land tax surcharge payments below - these are payable in addition to standard stamp duty and land tax. Australian citizens working abroad are not liable to pay any stamp duty surcharge but note that if you purchase with a spouse who is not a citizen there may be a liability, even if they are a permanent resident.

State Stamp Duty Surcharge
(On property purchase)
Absentee Land Tax
New South Wales 8% from 1/1/18
(previously 4%)
2.0% from 1/1/18
(previously 0.75%)
Victoria 7% 1.5% from 1/1/17
and 2.0% from 1/1/20
Queensland 7% from 1/7/18
(previously 3%)
2.0% from 1/7/19
Western Australia 7% from 1/1/19 Nil
South Australia 7% from 1/1/18 Nil
Tasmania 3% from 1/7/18 Nil
ACT Nil 0.75% from 1/7/18

A more detailed summary is available for download below of how we believe the stamp duty and land tax provisions apply across Australia in 2019. The situation is complex and the material is intended only as general background and is not to be relied upon - professional advice is strongly recommended.

If you would like to arrange professional advice please complete the Inquiry form below providing details and you will be contacted promptly.

IMPORTANT: The material contained in this website and other associated communications is only intended as general, background information and must not be relied upon. No warranty is provided in relation to any material or to the services that may be contracted through exfin.com. It is recommended that individuals seek the advice of qualified professionals before taking any action.