Stamp Duty Increase on Foreign purchasers of property
We wish to advise that the reported 3% stamp duty surcharge on foreign purchasers has been increased as per recent updates by the State Revenue Office for the state of Victoria only.
Please refer to the following for additional duty rates:
- For contracts, transactions, agreements and arrangements entered into on or after 1 July 2015 but before 1 July 2016:
- the additional duty rate is 3% (even if the settlement date is on or after 1 July 2016).
- For contracts, transactions, agreements and arrangements entered into on or after 1 July 2016:
- the additional duty rate is 7%
Project Advisory
We provide project advisory services to institutional and non-institutional owners, corporate occupiers and financiers, of all investment property types, as well as healthcare, aged care and residential.
With a market leading brand, now in our 31st year of business, we have a unique reputation of gaining a deep understanding of our client’s business and industry so that project needs and outcomes can be strategically aligned to business plan objectives and to demonstrate return on investment.
Our project advisory services are provided by industry leading experts and from a multidisciplinary perspective extending beyond project advisors, development managers, building consultants, services engineers and energy efficiency specialists through to quantity surveyors who provide cost certainty and tax depreciation specialists who ensure projects benefit from a cash flow perspective. Continue reading
