*PLEASE READ: We are NOT the Australian Taxation Office (ATO), we provide a specialised service to obtain Clearance Certificates on your behalf as registered tax agents*Australian residents selling real estate with a market value of
$750,000 or more, must apply for and obtain what is known as a clearance certificate
for the property sold.
If the vendor does not obtain a valid clearance certificate at or before the settlement of the sale of the property,
then the purchaser must withhold 12.5% of the sale price by way of a foreign resident capital gains withholding tax.
A clearance certificate provides certainty to purchaser s regarding their withholding obligations. It confirms the
withholding tax is not applicable to the transaction.
Company123 provides a specialist service to obtain a clearance certificate as an alternative to obtaining a
certificate through the ATO.
