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Finance TaxationQLDMEDIUM

In Queensland, the foreign acquirer surcharge on transfer duty applies to:

Correct Answer

D) Residential land acquired by a foreign person as defined in the Duties Act 2001

Queensland charges additional foreign acquirer duty, on top of ordinary transfer duty, when a foreign person as defined in the Duties Act 2001 acquires residential land (AFAD residential land). As at 2025 the rate is 8% of the dutiable value.

Answer Options
A
Every property bought by a buyer whose usual home is outside Queensland
B
Agricultural land bought by any entity that is not Australian-owned
C
Commercial property bought by overseas corporations, but not individuals
D
Residential land acquired by a foreign person as defined in the Duties Act 2001

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Related Topics & Key Terms

Key Terms:

foreign acquirer surchargeresidential propertyDuties Act 2001
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