Surcharge purchaser duty 2016-2017

Released proactively under the Government Information (Public Access) Act 2009.\r\n\r\nData on Surcharge Purchaser Duty payments for documents lodged between 1 July 2016 and 30 April 2017, by nationality.\r\n\r\nData is as at 31 August 2017. Please note that data may change retrospectively where a document is embossed or cancelled after the lodgement.\r\n\r\nBackground: The 2016 NSW Budget introduced a 4 per cent surcharge purchaser duty on the purchase of residential real estate by foreign persons from 21 June 2016. As a result of the 2017 Budget, for agreements entered into on or after 1 July 2017 the surcharge purchaser duty rate has increased from 4 per cent to 8 per cent. The surcharge is in addition to the duty payable on the purchase of residential property. See http://www.revenue.nsw.gov.au/taxes/spd for more information.