On 9 May 2017, the Government announced changes to the Foreign Resident Capital Gains Withholding (FRCGW) tax threshold and tax rate.
Buying
New Capital Gains Tax (CGT) withholding regime from 1 July 2016
From 1 July 2016, purchasers who enter into a Contract for the sale of an interest in Australian land with a market value of $2 million or more will be required to withhold and pay 10% of the purchase price to the Australian Taxation Office (ATO) on account of the seller’s potential CGT liability unless the seller obtains a clearance certificate from the ATO and provides it to the purchaser on or before settlement.
Franchise for Sale? Yes Please
Considering buying an existing franchise or establishing a franchise, it is important that the legal and financial issues are not overlooked.
Everything You Wanted To Know About Unfair Dismissal – Important Information for Employers and Employees
As a result of the mining downturn in Mackay and the Bowen Basin, job security has become a myth. Many employees have either been laid off or been offered or forced to take redundancy packages. In last month’s newsletter, Aimee…
Buying or Selling a Cane Farm – what is involved
Buying or selling a cane farm can often be a difficult process for both parties involved. The timing of the purchase or sale when considering the cane crushing season is crucial.
Are You Environmentally Safe? (What Do You Mean I Can’t Wash My Dog?)
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Being a former resident of Canada, where it only really rains on the odd occasion, the staggering quantity of rainfall in the local region has me amazed. Given the recent rainfall the severe water restrictions have been downgraded.
News
Macrossan & Amiet congratulates Dyane Norton on promotion to Senior Associate
Quality Business Awards — Recognising Excellence and Trust
AML/CTF Reforms Are Coming: What Our Clients Need to Know
Leaving Violence Program
Understanding Drink Driving Laws in Queensland
The Importance of Diligence and Transparency in Property Transactions- Preparing for Compliance with the Child Safe Standards under the Child Safe Organisations Act 2024
