Foreign resident capital gains withholding payments

Monday 25th July, 2016 9:00 am – Monday 25th July, 2016 10:00 am
The Law Society of Western Australia
Level 5, 160 St Georges Terrace Perth

The Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016, introducing the new foreign resident capital gains tax withholding regime will commence operation from 1 July 2016.

Under the new withholding tax regime, all purchasers of certain Australian assets from ‘foreign residents’ will be required to withhold and remit 10% of the consideration paid to the Commissioner of Taxation.

Our speakers will provide an essential overview of the changes and the practical requirements of obtaining from the Australian Taxation Office clearance certificates and/or vendor declarations and the impact that this will have on the timing and documentation of the relevant transactions affected by the new legislation including the Joint Form General Conditions for the Sale of Land.

Level: General

Competency
  • 1 points Competency 4 Substantive Law

 

Sponsored by

Speakers

Chair - Humphry Faas
Director
Anchor Legal

Frank Poeta
Partner
Herbert Smith Freehills

John Fickling
Barrister
John Toohey Chambers

Justen Nixon
Director, Public Groups & International
Australian Taxation Office

Gary Blair
Director, Private Groups & High Wealth Individuals
Australian Taxation Office

Price
Member
$125
Non-Member
$185
Legal Trainee / Support Staff (Member)
$60
Legal Trainee / Support Staff (Non-Member)
$110
CPD Active
$0