FOREIGN PROPERTY INVESTORS: 5 YEARS OF TAX AND DUTY CHANGES
By Andrew Henshaw, Director, Velocity Legal
Property investment in Australia has boomed in recent years. One driver behind the boom is investment by ‘foreigners’. Over the past five years, Federal and State governments have introduced a series of measures to impose greater amounts of tax on ‘foreigners’.
With the 2017-18 Federal Budget to be handed down on 9 May 2017 (potentially including more changes), this article looks at some of tax changes made over the past five years that target ‘foreigners’.
Andrew specialises in difficult tax disputes and complex tax advice. He is passionate about getting wins for his clients, solving difficult legal issues and giving clear practical advice.
Andrew acts for a diverse range of private businesses, high net-wealth individuals and family groups. Andrew has been a Director of Velocity Legal since the firm was founded in 2016, and established Velocity Legal’s Sydney practice in 2019.