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What is a Capital gains withholding clearance certificate and when is it required?

Are you an Australian resident selling property? As of January 1, 2025, all property sales will require a Foreign Resident Capital Gains Clearance Certificate, regardless of the sale amount. This certificate ensures that foreign resident capital gains withholding does not apply to your sale. Sunstate Conveyancing is here to assist you in completing and lodging your application for this essential certificate, making the process seamless and stress-free.

The clearance certificate application is crucial for Australian resident vendors to prove their tax residency status and prevent the withholding of capital gains tax by the purchaser. The application should be lodged as early as possible to avoid any delays in settlement, as processing can take up to 28 days. Sunstate Conveyancing can help you navigate this process efficiently, ensuring that your application is submitted promptly and accurately. We recommend lodging your application well in advance, even before a contract of sale is entered into, as the certificate is valid for 12 months from the date of issue.

At Sunstate Conveyancing, we understand the intricacies involved in property transactions and are committed to providing comprehensive support for all your conveyancing needs. Whether you are an individual, a company, or a trustee, we can assist you in completing and lodging the clearance certificate application, ensuring compliance with all legal requirements. Trust us to handle the paperwork, so you can focus on your property sale with peace of mind. Contact us today to learn more about our services and how we can assist you with your Foreign Resident Capital Gains Clearance Certificate application.

Required for every sale after 1/1/25
star Arrange us to apply for you!
Ensure the buyer doesnt withhold up to 15% of the purchase price

ATO Clearance Certificate Application

$75 per person

inc GST.

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    *Submission to the ATO only, does not guarantee clear withholding certificate. Can take up to 28 days to be returned from ATO.

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