Update


Foreign resident capital gains withholding

Significant changes to the Foreign Resident Capital Gains Withholding (FRCGW) regime will take effect on 1 January 2025.


Currently, Australian residents selling property must provide a Clearance Certificate to avoid having 12.5% of the sale price withheld, applicable to properties valued at $750,000 or more. From 2025, the withholding rate will increase from 12.5% to 15%, and the $750,000 threshold will be removed, applying to all property sales.



If a Clearance Certificate is not provided by settlement, 15% of the sale price will be withheld and remitted to the ATO. Applying early is recommended as certificates can take up to 28 days.


For further information, contact your Brentnalls SA advisor to discuss.

Disclaimer

The information provided in this article does not constitute advice. The information is of a general nature only and does not take into account your individual financial situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.

business owner working on laptop

Minimum tax on discretionary trusts

By Amalia Caporella • September 10, 2026
A proposed 30% minimum tax could apply to many discretionary trusts from 1 July 2028 which could mark a significant shift for Australian businesses, investors and advisers.
customer paying by credit debit card

Card payment surcharge changes: what businesses need to know

By Amalia Caporella • September 3, 2026
From 1 October 2026, separate surcharges for major prepaid, debit and credit card payments are expected to be phased out across the main card networks.
charging EV

The road ahead for EV fringe benefits tax

By Amalia Caporella • August 21, 2026
Top three changes to the FBT (fringe benefits tax) on electric vehicles to plan ahead for across future years.
More posts