American Australian Association invites you to attend a lecture on Aboriginal and Torres Strait Islander Australia in the 21st Century with Craig Ritchie, CEO of the Australian Institute of Aboriginal and Torres Strait Islander Studies and Pepe Clarke, Deputy Director of the Outback to Oceans Program, The Pew Charitable Trust.
Monday, October 30, 2017
6:30pm - 8:30pm
150 East 42nd Street, 34th Floor
New York NY
ESSENTIAL FREE SEMINAR FOR AUSTRALIAN PROPERTY INVESTORS, AUSTRALIAN EXPATRIATES & INTENDED MIGRANTS TO AUSTRALIA.
In 2012 the Capital Gains Tax Rules were changed in Australia to remove the 50% tax discount for owners living out of Australia. This signalled a change of intent from appreciating foreign investment to seeing an opportunity to increase Government revenue.
Since then, there has been an escalation in the costs of Australian property ownership with dramatic increases in land tax and the introduction of buyers fees, additional stamp duty and the new vacancy tax. All of this at a time when lending for offshore investors continues to be problematic.
The latest proposal is now to remove the tax-free concession for expatriate's principal residence if their former home is sold when living out of Australia. Where do these changes end and what can we do to try and halt the aggressive attack on foreign investors in Australian property market?
With media fuelling the fire and foreigners an easy blame target for lifting prices, there is little sympathy in Australia to the plight of overseas owners, so any change will need to come from our own efforts.
Join us for this seminar to find out: