28A
In forceRate for additional duty chargeable for foreign purchasers—residential property
Chapter 2Transactions concerning dutiable property
Part 3Rates of duty
28A Rate for additional duty chargeable for foreign purchasers—residential property
(1)
This section applies to a dutiable transaction under which a land-related interest in residential property is transferred to a foreign purchaser.
S. 28A(2) amended by Nos 40/2016 s. 6, 67/2017 s. 5, 17/2019 s. 15.
(2)
In addition to the duty otherwise chargeable under this Chapter, duty is also chargeable at a rate of 8% of the dutiable value of the land-related interest in residential property.
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