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  • Capital gains withholding clearance certificate

    Posted by matt-thomas on November 8, 2022 at 1:04 pm

    Any thoughts on this, when you sell your house you need one of these.

    I would assume that we are all foreign residents as we live in the land mass of Australia not as below?

    Meaning of Australia Territories (1) “Australia”, when used in a geographical sense, includes each of
    the following: (a) Norfolk Island; (b) the Coral Sea Territories; (c) the Territory of Ashmore and
    Cartier Islands; (d) the Territory of Christmas Island; (e) the Territory of Cocos (Keeling) Islands; (f)
    the Territory of Heard Island and the McDonald Islands. So in summary of Sections 6.5 the only true
    factual statement that can be given using the definitions as provided by the legislation is the
    following; An Australian resident is a person and as the definition as provided by the legislation
    states, a person is a company. Section 960.505 states that when Australia is used in a geographical
    sense it includes only the islands and territories listed in a, b, c, d, e and f in the list above.

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