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Old 09.03.2020, 17:25
omtatsat omtatsat is offline
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Re: Wealth Tax - Foreign property

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Very sensibly they don't want non residents hoarding land.
If you are an Australian born non resident then one is entitled to own land! I can understand what you say in the case of the Chinese buying up Australia.

And anyhow its got nothing whatsoever to do with hoarding!! And when the land has a building on it that gives an income then this tax can be more than the income from the the building. Its a criminal tax from a criminal government.

Last edited by omtatsat; 09.03.2020 at 17:36.
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