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QLD's new Additional Foreign Acquirer Duty
The QLD State government implemented more changes than any other state or territory this year in relation to property ownership and acquisition in the Sunshine State. One of the key changes is the news that foreign buyers of QLD based real estate will from 1 July 2018 be hit with a 7% transfer duty, formerly known as stamp duty, up from only 3%. This new duty rate will apply to foreign buyers regardless of legal ownership structure.
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Thursday 5th July 2018
Transfer Duty, AFAD
ATO targets systemic abuse of work related deductions
A submission to a parliamentary committee demonstrates that millions of Australian illegally claimed work related expenses. The ATO has published that such claims have cost the Crown 2.5 billion a year which is more than the cost of multinational tax avoidance.
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Thursday 1st March 2018
