|Year||Number of transactions||Revenue ($ million)|
When you buy or acquire a property in Victoria, you must pay land transfer duty (otherwise known as stamp duty) unless an exemption applies.
If you are a foreign purchaser and you acquire residential property, you must pay additional duty of 7 per cent on the dutiable value of your share of the property (before any concessions are applied).
The Treasurer has published guidelines in the Government Gazette, outlining the basis on which exemption decisions are to be made.
|Period||Number of exemptions||Value of exemptions|
|1 July 2015 - 30 November 2015||0||0|
|1 December 2015 - 31 May 2016||16||$4,333,425|
|1 June 2016 - 31 December 2016||19||$12,331,706|
|1 January 2017 - 30 June 2017||18||$32,769,692|