📘 Duties Amendment (Additional Duty for Foreign Persons) Act 2018
024 of 2018Assented 17 October 2018
The Duties Amendment (Additional Duty for Foreign Persons) Act 2018 amends the Duties Act 2008 to introduce additional duties for foreign persons purchasing residential property in Western Australia. It defines key terms and outlines the application, collection, and exemptions related to these duties.
Impact
Foreign individuals, corporations, and trusts purchasing residential property in WA will be subject to additional transfer and landholder duties. This may affect property developers, investors, and the housing market. Some exemptions apply for construction and refurbishment projects.
Sectors
housingfinanceconstruction
This Act originated as a bill
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