author_orbitax
Orbitax

Share This Article

Australia Consulting on Improving and Strengthening Foreign Resident Capital Gains Tax Regime

30 July 2024

|

Proposed Changes

|

Australia

The Australian Treasury has launched two public consultation on: Improving the foreign resident capital gains withholding tax regime; and Strengthening the foreign resident capital gains tax regime. The deadline for comments on the first consultation is 5 August 2024 and the deadline for comments on the second consultation is 20 August 2024. --- Improving the foreign resident capital gains withholding tax regime As part of the 2023–24 Mid-Year Economic and Fiscal Outlook, the government announced a measure to increase the integrity of the foreign resident capital gains withholding (FRCGW) regime. This measure increases the FRCGW rate for relevant CGT assets...