Transfer Duty Concession Explained
A common misconception about purchasing property is that the buyer will only be paying the contract purchase price. What they have failed to take into account is that other authorities charge taxes and fees to record the purchase of the property and registering the change of ownership.
One such payment is the payment to the...
Additional Foreigner Acquirer Duty – What Foreign Buyers Need to Know
When buying a residential property, a buyer has additional payments to make other than the contract price. These additional payments can involve:
Fees to lodge documents for transfer of ownership at the Titles Office; and
Transfer duty liability with the Queensland Revenue Office.
The Queensland Revenue Office have implemented...