Foreign Resident Capital Gains Withholding Payments– All Purchasers Beware
By Kevin Pai From 1 July 2016, purchasers of Australian real “property” over $2 million may be required to withhold 10% of the purchase price and pay it to the Australian Taxation Office (ATO). The onus is on the purchaser to pay the 10% to the ATO if a clearance certificate is not provided by […]