What is the exact meaning about the $750,000 or more over to withhold 12.5% ?
What is the exact meaning for ” Under new legislation if the sale price of your property is $750,000 or more, the purchaser is required to withhold 12.5% of the price(or market value) and pay this amount to the ATO at settlement ” ? Does anyone need to pay this or what is the exact policy for ?
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