Posts Tagged ‘protecting assets’
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 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 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 MoreAsset Protection Can Save You Thousands Of Dollars
Are your business assets protected? As you know, asset protection for business is as important as managing them and protecting your future is just as important. If not more so, especially whilst building for your future. There are many ways to minimise your risk whilst reaping…
Read MoreTop 2 Facts For Self Managed Superannuation Funds SMSF
Goals for Self Managed Super Funds. Invest in the most tax efficient manner possible; Keep some level of control. Gain asset protection. SMSF Observation. Many clients have little understanding of Superannuation, are scared of legislative change and feel they have little or no control over their second biggest asset other than their home. Fact 1:…
Read More