It is one month ago that US private equity firm Blackstone was about to sign the purchase of 2,800 bed aged care operator japara for $400M+. This takes negotiation to 7 months. Blackstone is seeking $250M in bank funding for the deal. Property and bond valuations are rumoured to be the stumbling block.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home