February 11 2016 by Hayden Gaffel
Warning to all Property Developers and Real Estate Lawyers
On 22nd February 2016, the Tax and Superannuation Laws Amendment (2015 Measures No. 6) Bill 2015 was passed by both houses of parliament. This bill introduced two new measures for CGT. The measure to which this News Release applies is the implementation of a non-final withholding tax on sale of land or an interest in land by a foreign resident.