Australia's ongoing resources boom has attracted a great deal of foreign investment into our equity capital markets, some of which has been sourced from global resources companies, and some from global investment funds (including foreign governments' sovereign wealth funds). The recent downturn in global credit and equity markets makes it quite timely to consider what tax principles might apply to the divestment of such investments. This presentation covers:
- institutional investors - rethinking the capital/revenue distinction in a post-CGT environment
- the source of income from Australian investments
- applying the tracing rules to identify taxable Australian property
- international tax aspects of scrip-for-scrip rollovers and demergers
- sovereign wealth funds.