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Tag: CGT Withholding

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Practice Update – January/February 2025

Xperion
By Xperion  |  Accounting,  Accounting & Bookkeeping,  Business Articles,  Business essentials,  Operations,  Personal Finance,  Professional Services,  SMSF Articles,  SMSF essentials,  Tax  |  20/02/2025

CGT withholding measures now law The Government recently passed legislation making changes to the foreign resident capital gains withholding laws (among other changes). Foreign resident capital gains withholding is relevant for all vendors selling certain taxable real property (e.g., Australian land). Even Australian residents can be caught by these laws because, if they do not have a valid ‘clearance certificate’ issued by the ATO at, or before settlement, tax must…  Read more

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