Retrospective capital gains tax changes used by ATO to scrutinise foreign investors’ property sales, dating back to 2006

The Australian Taxation Office says it will use retrospective legislation proposed by Jim Chalmers to scrutinise property-related asset sales by big foreign investors over the past four years to potentially make them pay more capital gains tax.

But the ATO reserved the right to scrutinise transactions dating back to 2006, particularly deals it is already auditing.

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