Australian Tax Office tells Guardian Australia it is also investigating 500 potential breaches of foreign investment lawsOne hundred and twenty-five foreign investors possess taken up an amnesty offer from the Australian Tax Office to declare their ownership of genuine estate,according to documents obtained by Guardian Australia from a freedom of information request.
The 125 investors possess moved ahead of the deadline expiring on 30 November, the documents show. Related: Foreigners buying Australian genuine estate to face tougher rules and fees Related: Joe Hockey orders sale of six residential properties owned by foreign nationals Continue reading...
Source: theguardian.com