Going back to the days when, then Treasurer: Joe Hockey spectacularly forced some foreign purchasers to divest themselves of trophy homes, bought in breach of FIRB regulations, the ATO took over policing this area and it has released two ‘insights’ documents covering the transaction types and sizes – one over each of the 2017-18 and 2018-19 years (which are schematic and interesting).

See below for further details.

[Tax Month – October 2020]

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