Monthly Archives: August 2017

SURVEY RESULTS Offshoring

The Issue of Offshoring Results 2017 – What do our clients think?

A few months ago, we reached out and asked our clients to share their view on offshoring and how it influences their decision to work with professional services businesses like ours. We then put together a press release to voice their opinion to the industry releasing the results from the survey via Superfund Wholesale. 

New threshold for capital gains withholding (1)

Capital gains withholding, a new threshold – What you need to know

Capital gains withholding, a new threshold

From 1 July 2017, where a foreign resident disposes of Australian real property with a market value of $750,000 or above, the purchaser will be required to withhold 12.5% of the purchase price and pay it to the ATO unless the seller provides a variation (this is referred to as ‘foreign resident capital gains withholding’).