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Australia: New South Wales set a land tax surcharge for foreign investors

Description

On June 22, 2017, the regional government of New South Wales passed the 2017-18 Budget doubling the surcharge paid by foreign investors when purchasing a real estate property. The new stamp duty has i...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

01 Jul 2017

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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