Australia: New tax surcharge on foreign property in Queensland

Announcement

10 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

1 in force

Implementation date

01 Jul 2016

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 10 June 2016, the Queensland Treasurer announced the state would introduce a new 3% tax surcharge on foreign buyers of residential properties. The tax is set to come into force starting 1 July 201...

Related State Acts

14 May 2013

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

21 Jun 2016

Australia: New foreign property taxes introduced in NSW

22 Apr 2016

Australia: Further increased foreign property taxes in Victoria

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