ATO to list ‘Taj on Swan’

The Australian Taxation Office is a step closer to being able to sell the distinctive half-built mansion dubbed the ‘Taj on Swan’.

At the corner of Bay View Terrace and Keane Street in Peppermint Grove, the domed structure is expected to trade between $15m-$18 million.

It has been reported construction costs would have come in at $70m – making it one of the country’s priciest dwellings.

Instead it is likely now to be demolished, with the land subdivided – though agents aren’t ruling out it is bought for another single residence.

The home as aspect over the Swan River.

The ATO is seeking to recover debt from the current property owner, fertilizer executive Pankaj Oswal.

As well as the Peppermint Grove home, the government has listed a $1.9m Dalkeith house acquired by the businessman 10 years ago.

According to the AFR, Mr Oswal has over the past 18 months lost control of a $1 billion empire, Burrup Fertilisers.

The businessman disputes wrongdoing and the size of the ATO’s claimed debt.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

Leave a Reply

Your email address will not be published. Required fields are marked *