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  • Capital gains withholding

    Foreign resident capital gains withholding applies to disposals of certain taxable Australian property under contracts entered into from 1 July 2016.

    Situations that attract our attention include where there is a disposal of:

    • real property with a market value of at least $750,000 and both  
      • the foreign resident vendor did not apply for a clearance certificate or a withholding variation
      • the purchaser has not paid a withholding amount
       
    • membership interests in an Australian entity that owns substantial real property assets and the foreign resident vendor held a material ownership interest in the entity.

    See also Capital gains withholding: Impacts on foreign and Australian residents.

    Last modified: 09 May 2022QC 69439