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
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
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