Taxation Administration (PAYG Withholding Variation for Foreign Resident Capital Gains Withholding Payments) Legislative Instrument 2026
Varies the amount a purchaser must withhold on property and other asset acquisitions from foreign resident vendors. It affects purchasers, conveyancers and anyone settling a transaction with a foreign vendor.
What it means for business
Consider updating settlement checklists and withholding calculations used by the property and M&A teams.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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