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Selling taxable Australian property? You may need a clearance certificate from the ATO
Posted by Team AVS on 20 Mar, 2020 0 CommentsIf an Australian resident is considering selling property, they should apply for an ATO clearance certificate. If a property vendor does not apply for a clearance certificate and present it to the purchaser, the purchaser is required to withhold 12.5% of the purchase price for CGT purposes on properties that have a market value of $750,000 or more.
The legislation, which applies from 1 July 2017, aims to make sure foreign resident property ven
For some employees, sacrificing part or all of their salary to a complying superannuation fund is a great way to boost retirement savings. But two recent changes may affect your obligations as their employer.
These changes, effective from 1 January 2020, relate to how you work out your superannuation guarantee (SG) obligations when an employee makes super contributions by salary sacrificing. The changes are:
The amount your employee sacr
These changes, effective from 1 January 2020, relate to how you work out your superannuation guarantee (SG) obligations when an employee makes super contributions by salary sacrificing. The changes are:
The amount your employee sacr