In a noteworthy development, Revenue NSW has recognised certain countries, such as India, Japan, Norway, and Switzerland, as qualifying for NSW land tax refund pertaining to surcharges. This decision comes in light of the recognition that international tax treaties with the Federal Government clash with NSW surcharge purchaser duty and foreign owner surcharge land tax provisions.

Residents from countries like Finland, Germany, India, Japan, New Zealand, Norway, South Africa, and Switzerland are now eligible for exemptions from surcharge purchaser duty or surcharge land tax when buying residential properties in NSW. Additionally, the refund window has been extended from 1 July 2021 to 1 January 2021, allowing eligible buyers and landowners to claim NSW land tax refunds if they’ve paid surcharges on or after the latter date.

Navigating complex tax regulations and claiming refunds can be daunting. At Waterhouse Lawyers, we specialise in assisting clients with tax-related matters. Contact us today to explore how we can support you in securing the refunds you’re entitled to.