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NewLawg now partners with Fedix to bring AI tax research to Australian accounting firms.
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What is the FIRB threshold for residential property?
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Background: Foreign persons acquiring residential property in Australia generally require FIRB approval. The threshold depends on the type of property and the investor's country of origin. Current Thresholds: For residential land, all acquisitions by foreign persons require notification regardless of value. Application fees start at $14,100 for properties valued up to $1 million. [FIRB Guidance Note 1]
[R1] FIRB Guidance Note 1[R2] Related Guidance
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