As at 1 July 2025, a foreign person buys a new apartment in Melbourne. In addition to standard land transfer duty, what foreign purchaser additional duty applies in Victoria?
Correct Answer
C) 8% of the dutiable value
As at 1 July 2025, Victoria's foreign purchaser additional duty is 8% of the dutiable value of residential property, payable on top of standard land transfer duty. The rate has been 8% since 1 July 2019. Rates change, so agents should confirm the current figure with the State Revenue Office.
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