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Author Topic: Australia is tightening foreign investors property ownership  (Read 3942 times)

Aussie Mike

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Australia is tightening foreign investors property ownership
« on: May 04, 2015, 01:54:27 am »
If planning to buy property in Australia, read this.

News.com.au - MAY 03, 2015

FOREIGN investors who illegally buy Australian homes and farms will face big fines and even jail under a planned government crackdown.

Fines and jail terms will also apply to those who assist such sales and include real estate agents and property developers.

The new rules would come into effect from December 1 and would be enforced by the Australian Taxation Office.
« Last Edit: May 04, 2015, 01:56:00 am by Aussie Mike »
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