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An inbound investor’s feast

Published on 01 Aug 16 by "THE TAX SPECIALIST" JOURNAL ARTICLE

Foreign investors contemplating investment in Australia must consider a range of Australian taxation factors which are likely to affect any decision to invest. This article outlines four such factors. The authors first examine the availability of double taxation treaty relief for investment in land rich and non-land rich entities. Next, the article focuses on multiple entry consolidated (MEC) groups (foreign-owned groups of Australian companies which can consolidate despite not having a single Australian head company).

The article then discusses the recently enacted withholding tax regime affecting taxable Australian property, which broadly, requires a person who acquires certain types of taxable Australian property from a foreign resident to remit 10% of the purchase price to the Commissioner, and which applies to the “acquisition” of an affected asset which occurs on or after 1 July 2016. Finally, the article addresses some common state tax considerations affecting inbound investors and the entities in which they invest. This article was written on 1 March 2016 and has not been updated to reflect any changes in law since that time.

Author profiles

Tim Sherman CTA
Photo of author, Tim SHERMAN Tim is a Tax Partner at King & Wood Mallesons. Tim practises in corporate and international tax and has experience in advising on the tax aspects of mergers and acquisitions, capital raisings and corporate restructures. - Current at 02 June 2014
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Katrina Parkyn ATI
Photo of author, Katrina PARKYN Katrina is a Partner in the Tax group at King & Wood Mallesons. Based in Brisbane, she routinely advises on transactions Australia-wide across a broad spectrum of income tax, stamp duty and GST issues. Her experience includes advising on major infrastructure, resources and funds management. - Current at 26 June 2019
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