From: Lotana Von Amor
Would anyone know regulations for buying an IP in Oz in the name of an overseas resident? Is it much different from the ordinary buying? I have a relative who lives overseas and wants to buy an IP in Oz. He asked me to help him. How would his rental income and CGT on sale be treated for taxation? Also, are there any limitations on what he can buy? Is power of attorney sufficient for me to act on his behalf?
Regards,
Lotana
Would anyone know regulations for buying an IP in Oz in the name of an overseas resident? Is it much different from the ordinary buying? I have a relative who lives overseas and wants to buy an IP in Oz. He asked me to help him. How would his rental income and CGT on sale be treated for taxation? Also, are there any limitations on what he can buy? Is power of attorney sufficient for me to act on his behalf?
Regards,
Lotana
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