ATO updates tax laws for Australian property house owners

Beforehand below the FRCGW, which was initially established in 2017, solely international property house owners and Australian resident property house owners with properties valued at $750,000 or extra needed to have the certificates. The brand new guidelines, which went into impact on 1 January 2025, now state that every one property contracts dated the primary of this yr and past should have a clearance certificates, no matter buy value.