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Australia: Increased taxes on foreign property owners in Victoria

Description

On 1 July 2015, the Australian state of Victoria introduced an additional stamp duty tax of 3% on foreign property owners. Starting 2016, foreign owners will also have to pay an additional land tax s...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

01 Jul 2015

Revocation date

30 Jun 2016

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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