ATO WITHHOLDING CLEARANCE CERTIFICATE

PROPERTY WITHHOLDING CLEARANCE CERTIFICATE

Australian residents selling real property will need to obtain a clearance certificate prior to settlement to avoid incurring the 12.5% non-final withholding tax that is applicable to foreign residents. The Australian Taxation Office (ATO) requires 12.5% of the sale price to be withheld by the purchaser unless the vendor produces the clearance certificate indicating that they are an Australian resident.

New rules for foreign resident capital gains withholding (FRCGW) apply to vendors disposing of certain taxable property under contracts entered into from 1 July 2017. The changes will apply to real property disposals where the contract price is $750,000 and above (previously $2 million) and the FRCGW withholding tax rate will be 12.5% (previously 10%).

GET YOUR PROPERTY
CERTIFICATE NOW

Please call (03) 98320660
to speak to a Property Withholding Clearance
Certificate Specialist
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QUICK AND SIMPLE PROCESS

Please call (03) 9832 0660 to speak with our Tax Specialists to discuss the process.
We would be happy to answer any of your questions.

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FILL IN A SHORT FORM
Our specialists are on call if you need any assistance with the information.
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OBTAIN CERTIFICATE
As registered tax agents, we will obtain your certificate usually within 1-2 business days.