What Buyers and Sellers Need to Know Before Settlement
Foreign Resident Capital Gains Withholding (FRCGW) is a tax withholding regime that may apply when Australian property is sold by a foreign resident. Depending on the circumstances, purchasers may be required to withhold part of the purchase price and remit it to the Australian Taxation Office (ATO). Learn who is affected, when a clearance certificate is required, and how the withholding process impacts property settlements.