Foreign Resident Capital Gains Tax Withholding

Are you a Foreign Resident and selling for over $2million dollars. Be aware of the withholding Tax that will now occur at the settlement stage. The Purchaser will withhold the relevant tax amount at settlement and forward this to the ATO for their further assessment.

https://www.ato.gov.au/General/New-legislation/In-detail/Direct-taxes/Income-tax-for-businesses/Foreign-resident-capital-gains-withholding-payments/

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