The foreign buyers tax applies to all residential properties purchased by non-Australian Citizens or permanent residents. Although, there are some exclusions, which we’ll touch on below.
In addition to the usual transfer duty that is payable on the purchase, foreign buyers will be charged an extra 7% of the value of the property.
Even if you are not a foreign buyer, you will still need to complete the required Declaration. Even a company buying property must complete the Declaration.
All Buyers in Western Australia must complete a Foreign Duties Declaration Form : https://www.wa.gov.au/sites/default/files/2019-07/Duties-Form-Foreign-Transfer-Duty-Declaration.pdf
For more information, we would recommend that you visit the Office of State Revenue website. You can find the link under our Helpful Links page.
For calculation of the tax, the value of the property is usually considered to be the purchase price, unless the transfer is between related parties.