Recorded Webinar: Foreign Owners of Australian Property: FIRB, Tax, Stamp Duty and Land Tax Implications (NSW, Vic & Qld)

Thursday, 20th July 2017

Duration:  approx. 2 hours

About the webinar

The changes to the law – both at federal and State level – regarding foreign purchasers, developers and owners of Australian real property continue apace.  This video webinar provides a full review of the rules applying to property in NSW, Queensland and Victoria as they stand as at 1 July 2017, including:

Part 1 – Federal laws – FIRB and Withholding Tax

  • FIRB applications and approvals for residential land
  • FIRB applications and approvals for farm land
  • Foreign person under the FIRB rules
  • FIRB Fees
  • Special fee rules for foreign developers
  • Rules regarding the sale of apartments by foreign developers
  • Foreign resident withholding tax
  • Who is a foreign person?
  • What kind of land?
  • Threshold
  • Clearance certificates
  • Variation certificates

Part 2 – Stamp Duty and Land Tax

  • Stamp duty on purchases of residential property by foreign purchasers
  • Foreign person for stamp duty purposes
  • When is a trust a foreign person? Dealing with unanticipated outcomes
  • Land tax on Australian landholdings by foreign investors
  • Vacant residential land held by foreign persons

Who should attend

This webinar is suitable for lawyers and accountants in NSW, Victoria and Queensland. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

Tony Cahill, Legal Author & Commentator, Chatswood

Tony Cahill was admitted as a solicitor in 1981. In July 2002 he commenced a ‘sabbatical’ from private legal practice to concentrate on legal education and writing.

He was a co-author with Russell Cocks and Paul Gibney of the first New South Wales edition of 1001 Conveyancing Answers, and is currently a co-author of Conveyancing Service New South Wales and Annotated Conveyancing and Real Property Legislation New South Wales, both published by LexisNexis.

Andrew Rider, Barrister, Level 22 Chambers, Sydney

Andrew Rider is a leading Australian tax barrister specialising in land tax, payroll tax and stamp duty litigation and dispute resolution.

Andrew also advises on Australia-wide stamp duties, land tax and payroll tax.

Prior to coming to the Bar, Andrew was a solicitor and Associate to Justice Michael Kirby.

Andrew lectures in taxation law at the University of Sydney Law School and previously lectured at the University of Technology, Sydney. 

Andrew edits the leading stamp duty publication “Australian Stamp Duties Law” and authors the national stamp duty section of the leading online service “Practical Guidance - Property Law”. 

Andrew is a Chartered Tax Adviser and examiner with The Tax Institute and member of The Tax Institute/Office of State Revenue Liaison Committee and Dispute Resolution Technical Committee.

Andrew is recognised in Doyle’s Guide as a leading Australian tax barrister.

Product Code: WBVJUL17
 Price:  $253.00 (Inclusive of GST)
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