Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (7945)	8/29/2001 10:42:47 AM
From: TobagoJack	Read Replies (2) of 74559

Hi David, They bought via off-the-shelf Australian registered companies (circumventing the citizenship and residency issue altogether), in turn controlled by island registered company(s), and when they sell, they sell the Australian company or the controlling island registered company(s), not the underlying Australian property, and as the registered property owner did not change hand officially, thus not necessarily to pay the proper amount of gains tax, stamp duty, or other frictional losses. We collectively believe governments are a bother. Chugs, Jay

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