Foreign resident withholding tax – concerns with the new regime

June 2, 2016

On1 July, a new foreign resident withholding capital gains tax measure will come into effect. Despite its name, this tax measure will affect all Australian tax residents – not just foreign residents – who are involved in property transactions. LIV Council member and King and Wood Mallesons senior associate Cameron Forbes and the Director of Taxation and International Business at Sothertons Melbourne Robert Lissauer discuss some of the concerns and complexities of the new regime and how at times lawyers and accountants will need to work together to assist clients. 

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