Australia: New foreign property taxes introduced in NSW

Announcement

21 Jun 2016

In June 2016, the government of Australia announced altered domestic business conditions for foreign investors.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Jun 2016

Revocation date:

No revocation date

Updated: 21 Jun 2016

FDI: Treatment and operations, nes In force

On 21 June 2016, the Treasurer of New South Wales announced in the budget 2016-17 new foreign property taxes. The Treasurer said in his budget speech: "The Government is also introducing surcharges f...

Related State Acts

10 Jun 2016

Australia: New tax surcharge on foreign property in Queensland

22 Apr 2016

Australia: Further increased foreign property taxes in Victoria

14 May 2013

Australia: Budget 2013-14 targets multinationals and foreign investors as a remedy to the effects of the global financial crisis

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