Clearance certificate a must for property sellers from 2025
Starting January 1, 2025, all property sellers in Australia, including foreign investors, must obtain an Australian Tax Office (ATO) clearance certificate. Clearance Certificate: A Must-Have for Property Sales Your Clearance certificate is to show the Australian government if you are an Australian resident or non-resident. As a non-resident, you will have to pay 15% withholding…
Read MoreAustralian Taxation on Foreigners: Changes for Property Sellers by January 1, 2025
Australian taxation on foreigners is set to change drastically for property investors selling their assets, with the deadline on January 1, 2025. This impending shift in tax laws will have far-reaching consequences for foreign property owners in Australia. Our article was featured in The Star Publications (Malaysia). Key Takeaways: Withholding Tax Increase: From January 1,…
Read MoreNon-Resident Property Owners Face New Challenges in Australian Real Estate
Non-resident property owners in Australia are bracing for significant changes in the real estate landscape come January 1, 2025. These changes will introduce new surcharges and increased tax rates that could dramatically impact the financial viability of overseas investments. We were again featured in The Sun newspaper (Malaysia) alongside our expert partners. Please read the…
Read MoreVictorian Stamp Duty Reduction: A Golden Opportunity for Foreign Property Buyers?
The Victorian Government has made a bold move to revitalize its property market by announcing a substantial reduction in Victorian stamp duty for off-the-plan apartments, units, and townhouses. This development has captured the attention of foreign property buyers worldwide, as it could significantly reduce the upfront costs of investing in Victorian real estate. This temporary…
Read MoreTougher Australian tax rules imposed on non-resident property investors
Here is an article that appeared in the Singapore Business Review that featured TJD Accounting Services on the topic of taxation for Non-Resident Property Investors. For the reading purpose of our clients from all over the world, we have re-written the article to address all overseas and non-resident property investors, not just Singaporen investors. If…
Read MoreOverseas Property Investors – Beware of high taxes (by Karina Foo)
Overseas Investors with Australian property – Beware of taxes (Read our article that appeared in The Star Publications, Malaysia). Click here to Download the article from The Star Publications: Overseas Property Investors beware of Australian taxes Text from article: Investors with Australian property: Beware of Australian Taxes By Karina Foo MALAYSIAN property investors with assets…
Read MoreOverseas Property Investors in Australia Face Critical Tax Challenges by 2025
Overseas Property Investors in Australia who may find it tough to hold onto their properties will continue to face bigger challenges by January 2025 The complex and ever-evolving tax landscape in Australia is confronting a large number of overseas property investors in Australia as these implications are significantly impacting their invesments. Recent changes announced in…
Read MoreHow are Foreign Investors Taxed in Australia?
Australia’s taxation system is one of the most complex yet structured in the world, and it may be even harder to understand for foreign investors. If you are not an Australian resident and have an investment in the country, particularly property, you need to know what your tax obligations are. This guide reviews some of…
Read MoreDo Foreign Investors Pay Capital Gains Tax in Australia?
In short: Yes. And there’s no escaping it. As a foreign property investor in Australia, you are subject to Capital Gains Tax (CGT). While you do not pay for the Medicare Levy, your taxes from any income as a non-resident still applies with the following income tiers: $0 – $135k = 30 cents to a…
Read MoreWhat Are the New Foreign Investor Tax Rules in Australia?
Are you a foreign investor in Australian property? If so, it is imperative that you understand your tax obligations in Australia to avoid penalties and unnecessary high tax debt. From JANUARY 1st, 2025, the Australian Tax Office (ATO) is expected to announce big changes on withholding tax that will affect all overseas investors. This article…
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