Be informed

News & Media

Capital gains withholding – for real estate agents

30 Jun 17

From 1 July 2017 Australian residents selling real estate with a market value of $750,000 or more will need to apply for a clearance certificate from the ATO to ensure amounts are not withheld from the sale proceeds.

Where a valid clearance certificate is not provided by settlement, the purchaser is required to withhold 12.5% of the purchase price and pay this to the ATO.

Click here to read the fact sheet.