Find out when providing a vendor declaration results in a purchase not being subject to FRCGW

On 19/12/2024, the Australian Taxation Office (ATO) issued an update regarding vendor declarations. When selling assets other than taxable Australian real property, vendors may provide a declaration to specify foreign resident capital gains withholding isn't required, and purchasers can rely on these declarations unless they know them to be false, or have reasonable grounds to believe the vendor is a foreign resident.