Having lived on the Gold Coast now for nearly 30 years, Darren has a wealth of experience and local knowledge. His role as a Senior Manager within the tourism industry, led him to gain vital experience in marketing and negotiation, thus benefiting clients looking to maximize profitability on their property transactions. Darrens vibrant and versatile personality is coupled with unrivalled energy and enthusiasm, surpassing his industry competitors.

As a full-service agent, Darren offers his clients a seamless and effortless experience. Should you have any questions, please call the office, or if you would like an informal chat, please call Darren directly to discuss your property requirements.

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A.T.O. SAYS YOU WILL NEED A CLEARANCE CERTIFICATE BEFORE YOU COMPLETE THE SALE OF YOUR PROPERTY
The ATO has implemented a new rule in complete silence! All Australians are now required to have permission from the ATO before they can settle on their property. Without the necessary clearance certificate, the ATO will withhold 15% of the selling price of the property.

Copy and paste the below link into your browser to obtain the full information on this issue.

https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/foreign-residents-and-capital-gains-tax/foreign-resident-capital-gains-withholding/australian-residents-and-clearance-certificates

Clearance certificates for Australian residents –
All Australian residents (for tax purposes) selling or disposing real property must have a clearance certificate and give it to the purchaser at, or before settlement.
Example: the importance of getting a clearance certificate early – 15% withheld from sale –

Willow and Stanley are Australian residents for tax purposes. On 1 September 2024 they decide to sell their family home, their main residence. They need the funds from the sale to purchase a new residence.
They are both listed as owners of the property on the certificate of title, so both must apply for their own clearance certificate.
They find a purchaser on 8 January 2025 and sign the contract of sale, with a settlement 30 days later on 6 February.
They don’t apply for a clearance certificate until 15 January and don’t have both of their clearance certificates at, or before settlement.
The property sold for $600,000, however:
• Willow’s clearance certificate issued and was given to the purchaser
• Stanley was still waiting for his clearance certificate.
The sale goes through and settlement occurs. As Stanley didn’t have a clearance certificate at settlement, 15% of Stanley’s share of the sale ($90,000) must be withheld by the purchaser and paid to us.
Stanley must wait until his 2025 tax return is lodged and processed for a refund.
As the purchaser had received a clearance certificate from Willow, there’s no withholding required on her share of the sale.