Sunday December 15, 2019

Tax risk is with borrowers, not lenders

Talking Finance: With so many debts being sold off to non-banks, a new problem has emerged

10th April, 2016
We have a host of new debt owners Pic: iStock

The reason many of us don’t understand or think about complicated and aggressive tax avoidance schemes is because our livelihoods don’t depend on them. The vast majority of people do things that fall within regular accounting practices.

But let’s discuss something related to tax compliance that may be an issue in the property market soon and which qualifies under the ‘didn’t see that coming’ category.

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