Published on 01 Aug 08
by "THE TAX SPECIALIST" JOURNAL ARTICLE
This paper seeks to provide an overview of the proposed TOFA and uses that platform to examine in detail the likely application (or exclusion) of TOFA to transactions common to those involved in real property investment. The property industry engaged in extensive lobbying in recent years seeking to remove the majority of transactions entered into by its members from the TOFA regime. Consequently, this paper could in some respects be seen as an analysis of the success or otherwise of those efforts.