Overseas Tax Compliance
Non-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 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 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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