Beware when transferring property title

by

Ed.

From www.smsfadviser.com: SMSF trustees must obtain a clearance certificate and provide it to the purchaser when selling or disposing of Australian real property to avoid a 15% withholding tax.

This requirement applies to all direct properties, regardless of value, and must be completed before settlement to prevent cash flow issues for non-foreign residents.

Filed under: Property, Superannuation

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