🎄Our office is now closed for the Christmas holidays. We will reopen at 9:00 am on Monday, 6 January 2025🎄
To request an estimate of costs for conveyancing, click here.
For urgent matters during the break, please email info@sproal.au, which will be checked periodically.
Our team wishes you a wonderful Christmas and New Year! We look forward to working with you in 2025.
- 71 St John Street, Launceston
- Mon to Fri 9.00 am to 5.00 pm
- 03 6331 5500
- info@sproal.au
Sold for $750,000 or more? You will need a Foreign Resident Capital Gains Withholding Clearance Certificate.
When a property with a market value of $750,000 or more is sold, the Purchaser must withhold 12.5% of the sale price and remit the funds to the Australian Taxation Office (ATO) unless each vendor provides a Foreign Resident Capital Gains Withholding Clearance Certificate.
If your property has sold for $750,000 or more, each registered owner will need complete the online form here and forward us a copy of their Clearance Certificate once received from the ATO. If you are not eligible for a Clearance Certificate, please let us know.
You will need to obtain for a Clearance Certificate even if you are not foreign to avoid having a withholding obligation.
Please note that a Clearance Certificate is valid for 12 months and must be provided to the Purchaser at least two business days before settlement.
The ATO can take up to 28 days to issue a Clearance Certificate. Therefore, we recommend that you apply for a Clearance Certificate as soon as possible.
