Regulators have loosened their grip to allow Self-Managed Superfunds (SMSF) to allow members to purchase property using borrowed funds. Careful consideration needs to be given to determine whether …
Property & Conveyancing
OSR Ruling – Definition of a Foreign Person
The Chief Commissioner of State Revenue on 20 December 2016 released Revenue Ruling number G009 relating to the Definition of Foreign Person. Background of Ruling From 21 June 2016, a duty surcharge …
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Land Tax Surcharge on Foreign Persons
A surcharge will apply from the 2017 Land Tax Year in respect of the taxable value of all residential land owned by a foreign person at midnight on 31 December 2016 in any year. A foreign person …