Announcement
29 May 2019
The regional government of Victoria increased the land tax surcharge rate for all types of land in Victoria owned by foreigners.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
29 May 2019
Revocation date:
No revocation date
FDI: Treatment and operations, nes
In force
On 29 May 2019, the regional government of Victoria has adopted the 2019/20 Budget increasing the absentee land tax surcharge rate from 1.5% to 2%. The new surcharge applies to individuals, corporatio...
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Related State Acts
01 Jul 2015
Australia: Increased taxes on foreign property owners in Victoria
22 Apr 2016
Australia: Further increased foreign property taxes in Victoria
01 Jul 2017
Australia: New South Wales set a land tax surcharge for foreign investors
12 Dec 2017
Australia: South Australia surcharges on foreign owners of residential real estate
19 Jun 2019
Australia: Queensland increases foreign land tax surcharge
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