WA hits foreigners buyers with 7% surcharge

Foreigners to pay higher stamp duty
Foreign purchasers will be pay a 7 percent surcharge when buying an Australian House. (Photo: Shutterstock)

Oz Kiwi opinion

New Zealanders are not considered a foreign purchaser if they are residing in Australia.

However, if their partner is not an Australian citizen, Permanent Resident or Special Category Visa-holder they may be liable for 50 percent of the surcharge fee.

The Western Australia surcharge applies from 1 January 2019. It will be applied on top of standard stamp duty payments.


WA hits foreigners with 7% buyer charge

16 November 2018

Pedro Gonçalves – International Investment

Foreign buyers of Western Australia residential property will pay a 7% surcharge from 1 January 2019. It will be applied on top of standard stamp duty payments.

“West Australians with foreign spouses who purchase a home together would also be affected by this surcharge, with 50% of the value of the property eligible for the seven per cent tax under the government’s proposed legislation,” president Hayden Groves said.

[Read the Investment article].

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