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  • Annual vacancy fee for foreign owners

    The Australian Government has introduced an annual vacancy fee on foreign owners of residential dwellings in Australia.

    Under the new legislation, foreign owners of residential dwellings need to pay an annual vacancy fee where their dwelling is not rented out or residentially occupied for more than six months each year.

    The annual vacancy fee applies to:

    • foreign investors who make a foreign investment application for residential property after 7.30pm Australian Eastern Standard Time on 9 May 2017
    • foreign investors who purchase a dwelling with a New Dwelling Exemption Certificate that was applied for by a developer after 7.30pm Australian Eastern Standard Time on 9 May 2017.

    All foreign investors with a residential property that meets the criteria must report to us annually about the use of their dwelling in the previous 12 months.

    See also:

      Last modified: 12 Feb 2018QC 54545