Tax

Property Taxes
John Daley And Brendan Coates – Gratten Institute
July 2015

Property Taxes, the second working paper in Grattan’s Budget Repair series, finds that a levy of just $2 for every $1000 of unimproved land value would raise $7 billion a year with an annual charge of $772 on the median-priced Sydney home, $560 on the median-priced Melbourne home, and lower average rates in other cities and the regions.

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Real Estate Investment In Australia – What Is A Managed Investment Fund?
Herbert Smith Freehills
December 2014

The Managed Investment Trust (MIT) regime is a concessional withholding tax regime that is used primarily by Australian REITs and managed funds. The key benefit of the MIT regime is that the rate of withholding tax on distributions of net rental income and capital gains made by an REIT to offshore investors may be as low as 15% in certain circumstances. This guide prepared by Greenwoods + Herbert Smith Freehills provides an overview of MIT regime, Corporations Act requirements, residency requirements, trading trust requirements, investment management requirements and ownership requirements to satisfy the MIT rules to lower the rate of withholding tax.

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