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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 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 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…
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