Purchasing a retirement village as a GST-free going concern
If you purchase an operating retirement village as a GST-free supply going concern, you will have an increasing adjustment for GST if you plan to make input taxed supplies through…
Paying the foreign resident capital gains withholding
Purchasing real property in AustraliaForeign resident capital gains withholding (FRCGW) is a tax and applies to vendors selling or disposing of certain taxable property.If you are purchasing real property (property)…
Find out when providing a vendor declaration results in a purchase not being subject to FRCGW
About vendor declarationsWhen selling assets other than taxable Australian real property, the vendor may provide the purchaser with a vendor declaration to specify foreign resident capital gains withholding (FRCGW) isn’t…
Australian residents and clearance certificates
Clearance certificates for Australian residentsAll Australian residents (for tax purposes) selling or disposing of Australian real property (property) must have a clearance certificate and give it to the purchaser at,…
Hydrogen Production and Critical Minerals Tax Incentives
On 14 May 2024, as part of the 2024–25 Budget, the Government announced changes to accelerate investment in Future Made in Australia priority industries. These changes are not yet law.Hydrogen…
