Tax Update – Property Related Transactions

Foreign Capital Gains Tax Withholding Obligation for Purchasers As of 1 July 2017, all purchasers of real estate entering into a Contract of Sale with a market value of $750,000 or more must withhold 12.5% of the purchase price, unless they are provided with Clearance Certificate(s) by the vendor. The foreign capital gains tax (CGT) […]

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