As of 1 January 2025, new legislation requires ALL Australian residents selling property to obtain a clearance certificate from the ATO.

If you don't, the ATO will withhold 15% of the sale price.⁠ ⁠

WHY?⁠

To ensure compliance with updated Foreign Resident Capital Gains Withholding (FRCGW) rules.⁠ ⁠

WHEN?

Clearance certificates must be provided to buyers before or at settlement for contracts signed from 1 January 2025.⁠ ⁠

Most certificates are issued in a few days; however, if there are unresolved tax matters, it can take up to 28 days.⁠ ⁠ ⁠Rest assured, if you are thinking of selling in 2025, we will guide you through everything you need to know.⁠