Selling your property? You will need a Foreign Resident Capital Gains Withholding Clearance Certificate.

When a property is sold, the Purchaser must withhold 15% of the sale price and pay the funds to the Australian Taxation Office (ATO) following settlement unless each seller provides a Foreign Resident Capital Gains Withholding Clearance Certificate.

Australian residents for tax purposes need to obtain for a Clearance Certificate to avoid having a withholding obligation when selling.

Each seller should complete the online form here and forward us a copy of their Clearance Certificate once received from the ATO.

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 and opt for email delivery rather than post.

Note: Foreign residents cannot apply for a Clearance Certificate. The purchaser must withhold the full 15% unless a variation notice is provided.