In 2025 every seller of every property will need to have a clearance certificate from the ATO confirming they’re an Aussie resident for tax purposes. No certificate? Buyer must send 15% of the agreed sale price directly to the ATO. You might only get it back at tax time. 

Effective 1 January 2025, the Australian Taxation Office (ATO) has introduced updates to the Foreign Resident Capital Gains Withholding (FRCGW) rules. These changes affect all property sellers, eliminating the previous $750,000 threshold and increasing the withholding rate to 15%. This aim to enhance the collection of tax liabilities from non-residents selling property in Australia but also carry significant implications for Australian residents. Whether you're a buyer or a seller, understanding these new regulations is crucial to ensuring smooth and compliant property transactions. 

On 24 October 2024, the NSW Parliament passed the Residential Tenancies Amendment Bill 2024, marking a significant shift in the rental landscape for tenants and landlords alike. These reforms aim to enhance tenant rights and modify rental practices, which will directly impact property investors.