Glossaryselling

What is Clearance Certificate?

A document from the ATO confirming that a property vendor is a resident of Australia for tax purposes. Required at settlement for property sales above $750,000. Without it, the buyer must withhold 12.5% of the purchase price and remit it to the ATO.

Go deeper

How to choose a selling agent

Interview process, the appraisal-price trap, and the listing agreement.

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