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.
Why This Is the Correct Answer
Additional foreign acquirer duty applies when a foreign person, as defined in the Duties Act 2001 (Qld), acquires residential land in Queensland. It is charged on top of ordinary transfer duty.
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