Visa Status 132

Discussion in 'The Buying & Selling Process' started by Martinez22, 24th May, 2022.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Martinez22

    Martinez22 Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    374
    Location:
    Perth
    My client has a Visa 132 Business Talent via, he seems to please he has permanent residency and is exempt from the foreigner tax stamp duty - is this the case? From my research, he is not consider PR. Who can I contact to confirm if this is the case?
     
    Martinez22, 24th May, 2022
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,528
    Location:
    Sydney
    Hard to say as the duty and land tax issues are state based and may vary but are generally similar but not always. When the Class 132 BT Visa is issued it satisfies permanent residency (as the Class is named (Permanent) for that reason but this should be advised on by the immigration lawyer as acquisition prior to issue is not allowed under FIRB rules. The FIRB rules must be considered as departure from Australia and other issues can still trigger concerns or require property approval or registration etc.
     
    Paul@PAS, 24th May, 2022
    #2
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,984
    Location:
    Australia wide
    Only a solicitor can advise on this.
     
    Terry_w, 24th May, 2022
    #3