Under the Duties Act, landholder duty is imposed on certain acquisitions of an interest in a corporation or unit trust that holds land in Western Australia valued at $2 million or more.
From 1 January 2019, additional duty is imposed on certain acquisitions by a foreign person, or someone related to a foreign person, of an interest in a landholder that holds residential property (a residential landholder). The additional duty is calculated at a rate of 7% based on the value of residential property and associated chattels held by the landholder and the extent of the interest acquired by the foreign person or a foreign related person. A foreign landholder duty declaration must be completed by each person acquiring an interest in a landholder in Western Australia.