Avoid a costly 15% tax hit: Why you need an ATO Clearance Certificate when selling property
Tuesday, 11 February 2025 / Published in Articles, Business, Walshs Blog

Avoid a costly 15% tax hit: Why you need an ATO Clearance Certificate when selling property

What is a Clearance certificate? A clearance certificate is issued by the Australia Tax Office (ATO) to confirm that a seller is an Australian resident for tax purposes. When selling Australian real estate, it’s essential you provide this certificate to the buyer before settlement. Without this certificate, the purchaser is required by law to withhold