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New Changes to ATO Withholding Tax Considers Buyers “foreign until proven otherwise”

New Changes to ATO Withholding Tax Considers Buyers “foreign until proven otherwise”

The Australian Taxation Office (ATO) has changed the rules for clearance certificates yet again this financial year. The new rule was implemented as part of the 2017 federal budget and was in effect from July 1st, 2017. It is due to affect approximately 60% of the housing market.