This presentation covers key developments and things to watch out for including:
- an overview of the operation of Div 855
- changes to the ''principal asset'' test in Subdiv 855-A
- removal of discount for non-resident individuals
- introduction of a 10% non-final withholding tax to the disposal by foreign residents of certain taxable Australian property
- other methods of recovery of alleged tax
- likely impact of the decision in Resource Capital Fund
- implications of upstream non-Australian transfers changing the underlying indirect ownership
- the impact of landowner stamp duty regimes.