Buying or Selling a Property? What's a Clearance Certificate?
As you undoubtedly know, there's a very strict tax regime in Australia designed to accumulate as much revenue as possible for the government to support a variety of public services. It's sometimes difficult to fathom how many individual tax laws there are, but new ones are emerging. For example, if you are a seller or buyer of certain properties, you should know that there is now a requirement to notify or account for capital gains tax, if appropriate.