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The vacancy fee for foreign owners of residential property in Australia is an annual fee that is applied to properties that are not occupied or available for rent for at least six months in a 12-month period.

A foreign owner of residential property in Australia is defined as an individual, company, or trust that is not an Australian citizen, Australian permanent resident, or Australian entity.

The vacancy fee for foreign owners of residential property in Australia is 1% of the taxable value of the property.

The vacancy fee for foreign owners of residential property in Australia is due annually, on the anniversary of the day the property was acquired.

Yes, there are a number of exemptions and concessions for the vacancy fee for foreign owners of residential property in Australia, including properties that are occupied or available for rent for at least six months in a 12-month period, properties that are under development, and properties that are used for certain purposes such as affordable housing or student accommodation.

Failure to pay the vacancy fee for foreign owners of residential property in Australia may result in fines and penalties. The property may also be sold to recover any unpaid fees.

You can find more information about the vacancy fee for foreign owners of residential property in Australia on the Australian Taxation Office website.