Statement from the Office of the Prime Minister Clarification on the Proposed Amendment to the Owner-Occupied Property Exemption for Foreign Homeowners

The Office of the Prime Minister wishes to clarify the government’s proposed amendment to the owner-occupied property exemption as outlined in the 2025/2026 Budget Communication. Under the existing framework, foreign homeowners could apply for the owner-occupied exemption by submitting an  affirmation form confirming that the property is owner-occupied and not rented. There is currently no formal requirement regarding […]