Re-targeting capital gains tax for non-residents:Proposed Division 855 - 'Winners and Losers'
Source: The Tax Specialist Journal Article
Published Date: 1 Aug 2006
The taxation of inbound investments into Australia stands to be dramatically altered by the proposed provisions of Division 855 that have recently been introduced into Parliament. This re-targeting of capital gains tax for non-residents will be beneficial for some non-residents but for others with investments in Australian “land-rich” entities, this will certainly not be the case.
This paper was also presented at the 'International Tax Masterclass' held in Sydney on 27 September 2006.
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Details
- Published By: Ken Spence CTA-Life, Richard Shaddick
- Published On:1 Aug 2006
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