Recorded Webinar: CGT Withholding Obligations for Non Resident Investors of Property

The 2017 changes to the CGT withholding regime for non-residents mean that a 12.5% withholding rate now applies to disposals over $750,000. As a result, these provisions impact on a much wider range of clients and present a bigger immediate tax burden. This session explores the practical issues that need to be dealt with when CGT withholding applies, including:

• Who is a non-resident?

• Trusts with non-resident beneficiaries

• To what transactions is withholding tax applicable?

• The financial threshold

• Special transactions:

  • internal transfers

  • deceased estates

• Clearance certificates

• Administrative and compliance issues: obtaining a TFN, lodging a return, timing of refund and the cash flow impact.

• Making a variation request:

  • who can make the application?

  • interaction with main residence CGT changes

  • practical guidance on documentation required

• Is interest payable by the ATO on overpayment of CGT withholding tax?