Australia: Foreign resident withholding tax | KPMG | GLOBAL

Australia: Foreign resident withholding tax on real estate transactions

Australia: Foreign resident withholding tax

New measures for withholding tax with respect to foreign residents and real estate transactions in Australia have been enacted and are now effective. Accordingly, with regards to certain real estate transactions, there may be a requirement to withhold tax at a rate of 10% on the sale of certain Australian real property interests under contracts entered into on or after 1 July 2016.


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Read a July 2016 report prepared by the KPMG member firm in Australia: Foreign resident withholding tax on real estate transactions 

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