• PO Box 184,
  • Bayswater, WA 6933

Foreign Investment Withholding

From the 1st July 2017, if you are selling a property, and the contract value is $750,000 or more, you are now required to obtain a Clearance Certificate issued by the Australian Taxation Office.

Failure to provide a Clearance Certificate will mean that the Purchaser will be obliged to retain 12.5% of the contract value at settlement and the Purchaser will be required to remit these funds to the Australian Taxation Office.

It is recommended if you are selling a property that is at $750,000 or above to obtain or apply for a Certificate upon listing your property. Certificates are valid for 12 months.

If the property has not sold within 12 months then a new Certificate will need to be applied for.

A Certificate will be required before settlement.

For more information please visit the Australian Taxation Office website here.

Sale by Offer and Acceptance

This brochure provides general information about buying
and selling property by way of offer and acceptance.

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