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Foreign Ownership Surcharge

10 November 2021

Article by Jess

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The foreign ownership surcharge applies to any foreign person, corporation or trust buying property in South Australia without a permanent residency visa.
The surcharge is 7% of the purchase price or capital value and is payable in addition to Stamp Duty when the property is transferred.

Visit www.revenuesa.sa.gov.au for further information or speak to one of our friendly Conveyancers today.

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Articles by Jess