This webinar consisted of an overview of foreign purchaser surcharge across all three States, highlighting the main similarities and differences. A number of key issues were explored including:
- who is caught as a "foreign person"?
- when is property considered residential
- what continued monitoring is required after the transaction
- what to look out for as part of a due diligence
- how does the surcharge apply in a land tax context
- what exemptions may be available.