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Foreign Owner - Accountant

Discussion in 'Accounting & Tax' started by dannnnn, 17th Mar, 2016.

  1. dannnnn

    dannnnn New Member

    Joined:
    17th Mar, 2016
    Posts:
    2
    Location:
    Brisbane
    Hi All,

    My mother-in-law has purchased an investment property in Australia. She lives in Europe and is not an Australian resident for tax purposes. I understand that she needs to lodge a tax return for the income she earns in Australia. Can anyone recommend an account experienced in these matters to assist her with preparing this? I have done a few google searches and found nothing. Somebody in Brisbane would be preferred.

    Thanks in advance!
     
  2. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,374
    Location:
    Sydney
    Is the property "new" ? If not, is she an Australian citizen ?
    The Foreign Investment Review Board rules on foreign ownership need to have been complied with. The ATO is now regulating this role for the FIRB

    I deal with a large number of offshore taxpayers involving property and welcome your direct contact to discuss (no obligation)
     
  3. dannnnn

    dannnnn New Member

    Joined:
    17th Mar, 2016
    Posts:
    2
    Location:
    Brisbane
    Paul, thanks for the response. Yes she received FIRB approval prior to purchase. Another member PM'd me an accountancy firm who I have already engaged.
     
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