Aussie Accountants

Aussie Accountants Supporting All Individual and Business Tax Needs

20/12/2024

Wishing everyone a Merry Christmas and Happy New Year. 🎄🎁🎉

We will be back up and running on the 13th January 2025.

Cheers 🍻🥂

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10/12/2024

The Foreign resident capital gains withholding (FRCGW) rules are changing from 1 January 2025.

Currently, Australian residents selling property must provide a clearance certificate to the purchaser at or before settlement to avoid having 12.5% withheld from a property sale where the value of the property is $750,000 or more.

Under the changes:

the withholding rate will increase from 12.5% to 15%
the $750,000 property value threshold will be removed, and the withholding rules will apply to all property sales.
The changes apply to contracts entered into on or after 1 January 2025.

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Address

193 Morayfield Road
Morayfield, QLD
4506

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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