Foreign Purchaser Surcharges - Duty and Land Tax
An overview of the complex and varying foreign surcharge regimes imposed in each Australian State and Territory.
Stream this recording multiple times at your convenience.
- $180.00 incl. GST
- PD hours: 1
This webinar will assist practitioners in helping their clients identify whether they are ‘foreign persons’ acquiring ‘residential land’ and therefore liable to the surcharges. The purchaser surcharges will primarily impact foreign investors in, and developers of, residential land (either through the direct purchase of land or through the acquisition of interests in companies or trusts that hold residential land). The land tax surcharges will impact existing and future foreign holders of residential land, either held directly or through interposed companies or trusts.
We will provide an overview and some analysis (including practical learnings) of the differences in the regimes including on the following topics:
• definition of "foreign person"
• definition of "residential land"
• treatment of mixed use land
• differences in the provisions concerning foreign trusts
• change of use and change of intention
• interaction between foreign surcharge and landholder duty
• duty surcharge rates
• foreign person land tax surcharges
Webinar Learning Outcomes:
Practitioners need to be able to identify the key provisions and key differences in the foreign purchaser surcharge and land tax surcharge provisions in the relevant Australian jurisdictions. This webinar will guide practitioners through such key areas.
This webinar is suitable for accountants and lawyers advising in state taxes – Australia wide. This webinar is for practitioners with some knowledge in this area and who are looking to improve their knowledge.
James Hamblin is Special Counsel for Minter Ellison in Melbourne. He specialises in tax law and has particular expertise in stamp duty, land tax and corporate income tax matters. James provides structuring, due diligence and general tax and stamp duty advisory services to both domestic and offshore clients.
Sarah Shaw is Special Counsel for Minter Ellison in Sydney. She specialises in tax law and works with clients of all sizes, including major Australian businesses and multinationals, to help them achieve the most effective stamp duty and land tax outcomes for their transactions.
Your webinar purchase includes:
• PowerPoint presentation
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter