IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2016 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

 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 2016.
The move follows other states and the federal government which have introduced or raised foreign property taxes in recent months (cf. Related Measures).

AFFECTED COUNTRIES

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