FAQs

What is capital gains tax withholding?

The Australian government requires people who buy residential property from non-tax residents to withhold 15% of the purchase price and pay it to the ATO. This applies to all real estate contracts signed on or after 1 January 2025,

If you are selling your property, you must provide apply for a ATO Foreign resident capital gains withholding clearance certificate from the Australian Taxation Office (ATO). Every individual or company named on the title must provide a separate certificate.

Apply online at the ATO’s website and send us a copy of your certificate as soon as possible. It may take several weeks to issue, so don’t delay.

If you don’t provide a clearance certificate or are not considered an Australian resident for tax purposes, the buyer must withhold 15% of the purchase price and remit it to the ATO.

More FAQs
FAQ
If you are selling new residential premises or new residential land you must give the Buyer a notice advising whether GST is applicable to……
FAQ
Now that you have signed your contract, you will need to appoint a settlement representative to act on your behalf. A settlement agent’s primary……
FAQ
No. We only complete settlements of residential and commercial properties that don’t also involve the sale of a business…..

Our plain-English guide Buy your dream home without the drama has practical advice to help you complete the purchase of your new home.