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Taxing the “golden ticket”

Published on 01 May 13 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

A new Significant Investor Visa (SIV) has been introduced in order to attract high wealth foreign investors. The SIV fast tracks the permanent residency process for non-residents willing to invest $5m into “complying investments” in Australia. The relevant tax rules are, however, fraught with complexity and could result in significant tax leakage where double taxation occurs. Some well-considered tax planning can assist in maximising the significant investor’s after-tax returns and mitigate tax exposure.

This article considers some of the potential decisions and tax outcomes that an SIV holder may encounter.

Author profile:

George Psarrakos CTA
George advises both domestic and international investors on the tax implications of their strategic, operational and investment decisions. This includes advising on complex tax projects, managing ATO audits and transaction support. He works closely with other specialist advisors and the Crowe Horwath International network to deliver commercial solutions to his clients. Current at 15 August 2014 Click here to expand/collapse more articles by George Psarrakos.
 
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