Potential property developer taxes
|
Top tax rate
|
|
VIC
|
|
Transfer duty on a direct transfer
of land, fixed assets and goods
|
6.5%
|
|
Landholder duty on acquisition of
company or unit trust which holds land and fixed assets
|
6.5% ($1m land threshold)
|
|
Base land tax
|
2.55%
|
|
Tax on windfall gains upon
rezoning
|
50%
|
|
Growth Areas Infrastructure
Contribution (“GAIC”)
|
Approx $100k - $117k per hectare
|
|
Absentee Owner Surcharge
(“AOS”) for absentee owners (all
taxable land, not just residential)
|
2% (all taxable land)
|
|
Foreign Purchaser Additional
Duty (“FPAD”) for foreign
purchasers of residential land
|
8%
|
|
Vacant Residential Land Tax
(“VRLT”)
|
1% (although there are some temporary concessions for Melbourne CBD)
|
|
Economic Entitlements (ie a tax
on developer agreements)
|
6.5%
|
|
Fixed Assets (ie a tax on the
transfer of fixed plant and
equipment even if there is no
underlying interest in land)
|
6.5%
|
|
FPAD payable on intention to use
the land as residential (which
has unlimited timeframe)
|
8%
|
|
ACT
|
|
Transfer duty on a direct transfer
of land, fixed assets and goods
|
4.54% residential and 5% commercial ($1.5m commercial land threshold)
|
|
Landholder duty on acquisition of
company or unit trust which
holds land and fixtures
|
4.54% residential and 5% commercial ($1.5m commercial land threshold)
|
|
Base land tax
|
1.12%
|
|
AOS
|
0.75% (residential)
|
NSW
|
|
Transfer duty on a direct transfer
of land, fixed assets and goods
|
7% (residential over $3.101m) and 5.5% on rest
|
|
Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods
|
5.5% ($2m land threshold)
|
|
AOS
|
2% (residential)
|
|
FPAD
|
8%
|
|
NT
|
|
Transfer duty on a direct transfer
of land, fixed assets, business
assets and goods
|
5.95%
|
|
Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods
|
5.95% ($500k land threshold)
|
|
Base land tax
|
Nil
|
|
Property Activation Levy on
vacant land in Darwin CBD and
1% for unoccupied, non-
residential buildings
|
2%
|
|
QLD
|
|
Transfer duty on a direct transfer
of (or interest in a trust which
holds) land, fixed assets,
business assets and goods
|
5.75%
|
|
Landholder duty on acquisition of
company which holds land and
fixed assets
|
5.75% ($2m land threshold)
|
|
Base land tax
|
2.75%
|
|
AOS
|
2% (all taxable land)
|
|
FPAD
|
7%
|
|
SA
|
|
Transfer duty on a direct transfer
of residential or primary
production land
|
5.5%
|
|
Landholder duty on acquisition of
company or unit trust which
holds residential or primary
production land
|
5.5% (no land threshold)
|
|
Base land tax
|
2.4%
|
|
FPAD
|
7%
|
|
TAS
|
|
Transfer duty on a direct transfer
of land, fixed assets and goods
|
4.5%
|
|
Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods
|
4.5% ($500k land threshold)
|
|
Base land tax
|
1.5%
|
|
FPAD
|
8% (residential)
1.5% (primary production)
|
|
FPAD payable on intention to use
the land as residential or primary
production (3 years from
purchase)
|
8% (residential)
1.5% (primary production)
|
|
WA
|
|
Transfer duty on a direct transfer
of land, fixed assets, business
assets and good
|
5.15%
|
|
Landholder duty on acquisition of
company or unit trust which
holds land, fixed assets and
goods
|
5.15% ($2m land threshold)
|
|
Base land tax
|
2.67%
|
|
Metropolitan Region
Improvement Tax on property
located in metropolitan area
|
0.14%
|
|
Duty in relation to use of Fixed
Infrastructure Rights
|
5.15%
|
|
FPAD
|
7%
|
