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Q & A: Do I need to claim Commonwealth Annual Vacancy Return?

A: Foreign purchasers (ie, who has no Australian status) need to claim vacancy fee return

A:  Foreign purchasers (ie, who has no Australian status) need to claim vacancy fee return. The vacancy fee return must be lodged by foreign owners of residential dwellings who made a foreign investment application for residential property after 9 May 2017 or purchased under a New Dwelling Exemption Certificate that a developed applied for after 9 May 2017. Foreign owners need to lodge the vacancy fee return for previous year within 30 days from the end of each vacancy year. That means, if the above requirement is satisfied, you will need to lodge the vacancy fee return annually even if the property is not vacant or the vacancy fee is not necessary. It is similar like lodging personal income tax return in Australia each year, where it will depending upon the person who needs to lodge the tax return no matter any tax is payable or not.

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