FOREIGN PERSON STAMP DUTY: QUICK READ
If you are looking to purchase a property in Australia, you would have heard of stamp duty, also known as transfer duty. Generally, the stamp duty for Australian Citizens is at the 4% mark of the purchase price.
Other than an Australian Citizen, someone who is not an ordinary resident of Australia (i.e. has not reside in Australia for at least 200 days within the last 12 months);
A foreign corporation or a foreign government;
A corporation in which an individual, or two or more persons are not ordinary residents of Australia;
A trustee of a trust in which an individual, or two or more persons are not ordinary residents of Australia;
A foreign government;
A foreign government investor; and
General partners of limited partnerships.