Posts Tagged ‘capital gains tax’
The Great Tax Divide: Big Corporations pay $100 billion tax but Small Individual Tax Payers pay $330 billion
The Australian tax system has long been a contentious topic, especially when it comes to the disparity between what small taxpayers contribute and the relatively lower share paid by big corporations. While individual taxpayers collectively fork out $330 billion annually through PAYG (Pay As You Go), large corporations contribute only around $100 billion. This imbalance…
Read MoreClearance 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 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 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…
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