stop losses and a bit of panic, page-43

Hi MK70

Yes im glad I sorted that out

Now does anyone know this

From solicitor Mallesons (sydney)

"Therefore, importantly, a foreign resident will not be subject to CGT when disposing of shares or units that it directly owns in an Australian public or private entity, provided that entity does not own real property in Australia which comprises 50% or more of its asset base. This represents a major win for foreign resident investors who directly invest in Australian securities."

So my question is ,what companies own less than 50% of their assets in Australia.

Surely there are a few, how about GDN for one????

Now all I need to do is hook up with a pommy backpacker and buy shares in her name, no capital gains tax, is this correct, my accountant is uncontactable at this time.