Selling Property! Will GST & the margin scheme apply to you?
The sale of an investment property in Australia can introduce intricate GST (Goods and Services Tax) considerations that often escape the notice of many property investors. However, there are specific scenarios where investors can mitigate their GST obligations. While the sale of your primary residence is usually exempt from GST, selling an investment property can […]
Foreign Resident Capital Gains Withholding
When an Australian resident for tax purposes, sells property valued at $750,000 or more, they must have a FRCGW certificate to present to the purchaser at or before settlement. If an FRCGW is not provided 12.5% of the property purchase price must be withheld and paid to the ATO. To claim back the credit that […]