Property

Arabon Business Accounting Selling Property

What Everyone Selling a Property Valued at $750K or More Needs to Know

Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes unless they are happy for the purchaser to withhold a 12.5% withholding tax. From 1 July 2017, every individual selling a property with a sale value of $750,000 or more is affected.

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