Foreign Investors with capital gains on significant investments in Australia should be aware of the current landscape in Taxable Australian Real Property (TARP). This session will explore:
• The key decisions in this area, including RCF
• The interaction between Division 855 and Australia’s Double Tax Agreements
• The ATO’s perspective on these issues
• The steps the ATO is likely to take to manage any ‘risk to revenue’; and
• What taxpayers faced with an assertion that tax ought to be paid upfront can do to manage their risk.