Foreign-resident-capital-gains-withholding-to-apply-to-all-property-sales-from-1-January-2025
Legislation making changes to foreign resident capital gains withholding (FRCGW) passed Federal Parliament last week and will apply to contracts for property entered into on and after 1 January 2025. FRCGW is designed to support the collection of tax liabilities owed by non-residents selling Australian properties. Australian residents and citizens are exempt from paying withholding. However, currently,…Read More→
Read More