❓ Hon Dr Steve Thomas asks the Treasurer about revenue and transaction numbers related to the foreign buyers surcharge on residential properties from 2018-19 to 2021-22. The Treasurer provides the data in tabular format incorporated into Hansard.
AnsweredQoN 1076Legislative Council
QuestionView source ↗
FOREIGN BUYERS SURCHARGE — REVENUE
1076. Hon
Dr STEVE THOMAS to the minister representing the Treasurer:
I refer to the McGowan government's
foreign buyers surcharge, which was applied in the 2017 state budget as four
per cent and increased to seven per cent in May 2018.
(1) What income
has the foreign buyers surcharge raised for each of the financial years 2018–19
to 2021–22 inclusive?
(2) How many transfers of
residential properties did the surcharge apply to in each financial year?
1076. Hon
Dr STEVE THOMAS to the minister representing the Treasurer:
I refer to the McGowan government's
foreign buyers surcharge, which was applied in the 2017 state budget as four
per cent and increased to seven per cent in May 2018.
(1) What income
has the foreign buyers surcharge raised for each of the financial years 2018–19
to 2021–22 inclusive?
(2) How many transfers of
residential properties did the surcharge apply to in each financial year?
AnswerView source ↗
I thank the Leader of the Opposition
for some notice of the question.
(1)–(2) Revenue
from the foreign buyers surcharge and all other revenue items is published in
the state budget, midyear review and Annual report on state finances each year, while the Department of Treasury publishes some historical data in
its annual overview of state taxes and royalties. The revenue and number of
residential property transactions for each year is provided in tabular format.
I seek leave to have this information incorporated into Hansard .
[Leave
granted for the following material to be incorporated.]
�
2018–19
2019–20
2020–21
2021–22
Revenue
($m)
5.5
19.0
17.3
21.7
Residential
Property Transactions
208
570
550
597
for some notice of the question.
(1)–(2) Revenue
from the foreign buyers surcharge and all other revenue items is published in
the state budget, midyear review and Annual report on state finances each year, while the Department of Treasury publishes some historical data in
its annual overview of state taxes and royalties. The revenue and number of
residential property transactions for each year is provided in tabular format.
I seek leave to have this information incorporated into Hansard .
[Leave
granted for the following material to be incorporated.]
�
2018–19
2019–20
2020–21
2021–22
Revenue
($m)
5.5
19.0
17.3
21.7
Residential
Property Transactions
208
570
550
597
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