1. Home
  2. International

Sydney homeowners disappeared overseas after their conversion to Buddhism, and they actually owed 1.4 million cumulative tax in 12 years

International 2017-12-09 18:58:57 53

After becoming a monk, a landlord in Sydney, named Law Siek Hong, "gave up" his property and disappeared in Malaysia.

Law Siek Hong property is located in Darlinghurst, the owner of the property committee spent 12 years, more than 60,000 Australian dollars (RMB300,000)

Trying to find him, forcing him to pay a cumulative tax of more than 280,000 Australian dollars (RMB1.4 million).

Recently, the owners' committee won a supreme court suit, debuting the apartment for the first time by auctioning off the debt.

Senior lawyer Faiyaaz Shafiq said: "This is a big issue in Australia because some overseas buyers are usually from Asia, but they never live in it and no one knows where they are."

Shafiq said those buyers may owe hundreds of thousands of dollars in unpaid taxes or maintenance problems in their apartment, affecting the surrounding people.

But usually these people can not be traced.

So no one can hand over legal documents for disposing of the property, which are necessary for the proceedings.

Under normal circumstances, in order to get back the arrears, the owners committee will go directly to bankruptcy proceedings,

Because they can not personally track down the foreign owners, they also need to employ agents in the host country,

However, in this incident, an agent employed by the owners' committee in Malaysia was lost after receiving the fees.

"If you can not find anyone, you can not act for them," Shafiq said.

As a result, Shafiq applied to the Supreme Court for permission to send an instrument by mail to the owner,

And asked the NSW governor's office to execute the sale on their behalf.

Eventually, the lawyer successfully got the order issued by the Supreme Court.

"It was a sore breath." Joseph Alam said he was the manager of the 1930-style apartment with five floors and 74 units, and the property of the "missing" owner was Apartment on the top floor.

Alam said: "Now we can recover our legal costs and unpaid costs after the sale of flats. Now such problems occur more and more. This incident can provide information for those who can not trace the situation to the owner may mean It's easier to handle similar incidents in the future. "

The 32-square-meter apartment was sold for 550,000 Australian dollars ($ 2.75 million) by agency Ray White Surry Hills, well above its auction reserve price.

Reported that this apartment is Law Siek Hong in 1989 to 75,000 Australian dollars (RMB37.5 million) bought.

Now he lives in Ipoh, the capital city of Perak state in Malaysia, where he helps run a non-profit organization that protects historic sites.

With this sale, the owners' committee owes the arrears and the legal costs will be paid and the remaining money will be kept by the Supreme Court so that Law Siek Hong can apply for the claim.

"But what is important is that there is now a precedent of success and speeding up the resolution of other similar issues."

However, Shafiq believes the government needs to adjust the rules for subpoenas overseas because it is very difficult when that individual is overseas.