Q & A :What is Commonwealth Annual Vacancy Fee (AVF)？
A: The Commonwealth Annual Vacancy Fee is introduced by the Australian Government for foreign owners, as defined by Foreign Acquisitions and Takeovers Act 1975 of residential dwellings. Under the legislation, foreign owners of residential dwellings in Australian are required to pay an annual vacancy fee if their dwelling is not residentially occupied or rented out for more than six months (183 days) in a year. The reason why we named it as “Commonwealth” AVF is to distinguish from the similar tax/fee applied in the State of Victoria.
A dwelling is considered residentially occupied if the owner or a relative of the owner genuinely occupied the dwelling as a residence, or the dwelling was genuinely occupied as a residence subject to lease or license for minimum terms of 30 days.
The vacancy fee will be the same amount as the foreign investment application fee you paid at the time you submitted your foreign investment application. At current stage, the FIRB application fee is $5,600 for price of the acquisition is $1 million or less, $11,300 for price of the acquisition is more than $1 million and less than $2 million and it will usually will increase for each $1 million increase on the price of acquisition.
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详情Q & A：Do I have to pay the vacancy fee if my children/child or a distant relative live(s) in the ...
A：As stated above, a dwelling is considered residentially occupied if the owner or a relative of the owner genuinely occupied the dwelling as a residence. A relative of a member means any of the following: a parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendant or adop
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详情Q& A： Do I need to pay the Commonwealth Annual Vacancy Fee if I have rented my property t...
A: First, the Commonwealth Vacancy Fee rule only applies to foreign owners who made a FIRB application for the residential property after 9 May 2017. If this is satisfied and the company is renting out the property for short term lease of lease than 30 days, the vacancy fee may apply. Alternatively
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详情Q & A: Do I still need to pay the Annual Vacancy Fee or register with ATO if I have rented my...
A: If the property is residentially occupied or rented out for more than six months (183 days) in a year, you don’t need to pay the federal vacancy fee. However, if the FIRB application date is after 9 May 2017, you may still need to lodge the vacancy fee return each year. If the FIRB application d
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详情Q & A: Do I need to claim Commonwealth Annual Vacancy Return？
A:Foreign purchasers (ie, who has no Australian status) need to claim vacancy fee return. The vacancy fee return must be lodged by foreign owners of residential dwellings who made a foreign investment application for residential propertyafter 9 May 2017or purchased under a Ne
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详情Q & A : Do I need to notice ATO after settlement?
A:Foreign purchasers (ie, who has no Australian status) need to claim vacancy fee return. The vacancy fee return must be lodged by foreign owners of residential dwellings who made a foreign investment application for residential propertyafter 9 May 2017or purchased under a New Dwel
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详情Q & A :What is Commonwealth Annual Vacancy Fee (AVF)？
A: The Commonwealth Annual Vacancy Fee is introduced by the Australian Government for foreign owners, as defined byForeign Acquisitions and Takeovers Act 1975of residential dwellings. Under the legislation, foreign owners of residential dwellings in Australian are required to pay an annu
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详情Q&A regarding ATO Notice – Australian Residential Property Foreign Investment Fact Sheet
Q&A regarding ATO Notice – Australian Residential Property ForeignInvestment Fact SheetWe have received numerous enquiries regarding the Commonwealth Annual Vacancy Fee in relation to our notice sent via email and WeChat weeks ago. We may not able to answer each enquiry one by one due to