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Tag: Additional Foreign Acquirer Duty

Land Register Act 1988 (FOLR Act) | Will You Still Be Considered A Foreign Person After Coronavirus?

Foreign Ownership of Land Register Act 1988 amendments Amendments to the Foreign Ownership of Land Register Act 1988 (FOLR Act) [link here] commencing on 1 July 2020 will align the...

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By Aylward Game May 26, 2020 Commercial Law

Foreigners New ATO Requirements: Changes to the special CGT rules affecting foreign residents for tax purposes selling residential property

ALERT! If you're a foreign resident for tax purposes in Australia, special Capital Gains Tax (CGT) rules apply when you sell residential property. Changes announced by the Federal Government in...

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By Aylward Game Apr 20, 2020 Business Law

Important Information For Foreign Persons Purchasing A Real Estate In Australia Including Fee Information

The provisions of the Foreign Acquisitions and Takeovers Act 1975 (Commonwealth) (“Act”) and Foreign Acquisitions and Takeovers Regulation 2015 (Commonwealth) (“Regulation”) apply strict rules to foreign persons purchasing residential real...

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By Aylward Game Mar 12, 2018 Articles

Additional Foreign Acquirer Duty

In the 2016 Queensland State Budget the Treasurer announced an intention to amend the Duties Act 2001 (QLD) to introduce additional transfer duty to foreign acquirers, to be known as...

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By Aylward Game Oct 3, 2016 Employment Law