Foreign investment is an increasingly attractive alternative for Australian farmers seeking additional capital, know-how or access to markets to grow their business, or for those seeking an exit strategy. This session will cover a number of the tax and commercial issues that may arise in those circumstances. We will also cover a surprisingly common situation where farmers and their advisors find their existing ownership structure to be ‘accidentally foreign’, and what can be done to manage that issue. Specific topics addressed include:
- FIRB – fees, application process and conditions, and their impact on the target entity
- Transfer duty considerations
- Land tax implications; and
- Practical guidance for implementation (tips and tricks)