What is FIRB Approval?
The Foreign Investment Review Board (FIRB) serves as a critical checkpoint for foreign investments in Australia, particularly in the real estate sector.
Exemptions From Stamp Duty: Transfers Between Spouses or Former Spouses
The Stamp Duties Act 1923 outlines a variety of situations where parties will be exempt from paying stamp duty when transferring their interest in a property.
State Government Surcharge on Foreign Purchasers: No Longer a Foreign Concept
Foreign purchasers will be required to pay a 4% surcharge of the dutiable value of property acquired (including part of a property or a part interest in the property) in South Australia.