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A new revenue ruling has clarified which types of residential premises are exempt from surcharge purchaser duty and surcharge purchaser land tax.

Surcharge purchaser duty tax was applied to certain dutiable transactions over residential land in NSW from 21 June 2016. However, from the 2017 land tax year, it will also apply to foreign persons who are owners of residential land in NSW. 

A recent revenue ruling has clarified where the surcharge will not apply, and released guidelines to help identify the types of premises determined not to be a dwelling by the Chief Commissioner.

Find out what is on the list here.