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Foreign purchaser additional duty revenue

Year Number of transactions Revenue ($ million)
2020-21 4252 217.44
2019-20 5097 252.76
2018-19 5852 242.30
2017-18 5256 219.33
2016-17 3942 133.03
2015-16 2733 69.18 
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Exemptions

When you buy or acquire a property in Victoria, you must pay land transfer duty, otherwise known as stamp duty, unless an exemption applies.

If you are a foreign purchaser and you acquire residential property, you must pay additional duty on the dutiable value of your share of the property (before any concessions are applied).

The Treasurer has published guidelines in the Government Gazette outlining the basis on which exemption decisions are to be made. There are three sets of guidelines. The one you use depends on the date of your transaction or relevant acquisition. The most recent guidelines apply from 1 October 2018.

Exemptions granted from foreign purchaser additional duty under section 3E(2) of the Duties Act 2000

Period Number of exemptions Value of exemptions
1 January 2022 - 30 June 2022 24 $46,468,294
1 July 2021 - 31 December 2021 17 $23,721,616
1 January 2021 - 30 June 2021 12 $38,164,108
1 July 2020 - 31 December 2020 21 $30,636,837
1 January 2020 - 30 June 2020 13 $23,462,232
1 July 2019 - 31 December 2019 12 $10,690,934
1 January 2019 - 30 June 2019 13 $35,456,848
1 July 2018 - 31 December 2018 6 $8,616,230
1 January 2018 - 30 June 2018 15 $20,377,635
1 July 2017 - 31 December 2017 9 $39,739,000
1 January 2017 - 30 June 2017 18 $32,769,692
1 June 2016 - 31 December 2016 19 $12,331,706
1 December 2015 - 31 May 2016 16 $4,333,425
1 July 2015 - 30 November 2015 0 0
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Last modified: 8 November 2022
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