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NorthCorp Accountants + Financial Services
Suite 1 to 3, Bourne House,
10-12 Short Street, Port Macquarie.
3/80 High Street, Wauchope.

Phone 02 6588 4444

Archive for January 2019

Are you selling a residential property for more than $750,000 in Australia? Do you need a Capital Gain withholding clearance certificate?

The Australian Taxation Office (ATO) has introduced rules that require purchasers of Australian Property costing $750,000 or more to withhold 12.5% of the purchase price and remit it to the ATO. This is to assist the ATO to collect foreign residents Australian tax liabilities. Australian resident vendors can avoid the requirement to withhold the 12.5%…

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