ANNOUNCEMENT 12 Dec 2017

The government of South Australia established a stamp duty surcharge on foreign purchases of residential real estate.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Government of South Australia. Stamp Duties (Foreign Ownership Surcharge)
Amendment Act 2017. Available at: https://www.legislation.sa.gov.au/LZ/V/A/2017/STAMP%20DUTIES%20(FOREIGN%20OWNERSHIP%20SURCHARGE)%20AMENDMENT%20ACT%202017_55/2017.55.UN.PDF

Inception date: 01 Jan 2018 | Removal date: open ended
Still in force

Post-migration treatment

On 12 December 2017, the regional government of South Australia passed the Stamp Duties (Foreign Ownership Surcharge) Amendment Act 2017, introducing a 7% stamp duty surcharge on foreign acquisitions of a residential real estate. Previously to this legislation, no special stamp duty applied to foreign investors.

The new surcharge applies as from 1 January 2018. 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A