Land acquired by foreign persons for residential developments is chargeable with foreign transfer duty. See information about foreign transfer duty.
If the development will produce 10 or more residential dwellings, or lots on which 10 or more dwellings can be constructed, we may reassess and refund the foreign transfer duty paid.
Use the form below to apply for a reassessment if:
- a foreign person entered into a transaction that was charged with foreign transfer duty because they acquired residential property, and
- the foreign person or their associate has commenced or completed on the residential property (as relevant):
- construction or refurbishment of 10 or more residential dwellings or
- subdivision of the property into 10 or more residential lots.
Make an application for reassessment of the foreign transfer duty within the later of:
- five years of the completion date of the transaction or
- 12 months from the date the foreign person or their associate commences or completes (as relevant) the construction, refurbishment or subdivision of the land.
