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Buying property? With the market booming, settlement dates have become a big topic of conversation between conveyancers and clients. Here’s what you need to know about choosing a conveyancer early and getting the settlement date right.
Here’s a brief run-down of things to consider and what steps to expect once you’ve found a place to call home and you’re ready to make an offer.
Key Changes to Foreign Resident Capital Gains Withholding (FRCGW) Rules
From 1 January 2025, changes to the FRCGW regime will affect all property sales in Australia. Vendors, including Australian residents, must apply for a Foreign Resident Capital Gains Clearance Certificate from the ATO to avoid 15% withholding at settlement. Our article outlines these changes, what they mean for you, and how to apply for the clearance certificate.