© 2019 by Moin Morris Schaefer Pty Ltd

Liability limited by a scheme approved under Professional Standards Legislation. Moin Morris Schaefer is a trading name of Moin Morris Schaefer Pty Limited ABN 63 626 922 245  

August 8, 2019

August 8, 2019

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Important CGT changes from 1 July 2017

June 5, 2017

All Vendors for land sales over $750,000 will need a clearance certificate in relation to Capital Gains Tax from the Australian Tax Office from 1 July 2017 - the current threshold is $2,000,000.

 

All agents and prospective vendors should be aware of these changes, as it could have a serious effect on the sale of their property and tax affairs.

 

https://www.ato.gov.au/general/new-legislation/in-detail/direct-taxes/income-tax-on-capital-gains/foreign-resident-capital-gains-withholding-payments/

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