Applies to gains made from the sale

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Taxes for foreigners in Australia that companies will pay
Taxes for foreigners in Australia, companies and properties
Property tax is levied on owners of land and property in Australia. This tax is administered at state and territory level. This means that rates and exemptions vary depending on new zealand phone number library the location of the property. In many states, foreign owners are subject to an additional surcharge, known as the Foreign Ownership Surcharge. . For example, in New South Wales, foreign owners pay a 2% surcharge on the rateable value of their property. In Victoria, this surcharge can be as high as 4%.

CGT of property or business assets in Australia. Non-tax residents cannot benefit from the 50% discount available to tax residents.

Example: If you buy a property for A$1,000,000 ($650,000) and sell it for A$1,200,000 ($780,000), the gain of A$200,000 ($130,000) will be subject to full rates of CGT, which can be as high as 45% depending on your income .
Corporation tax in Australia is levied on profits earned by local and foreign companies operating in the country. Foreign companies are taxed at a general rate of 30% on their income earned in Australia . This is excepted for small companies with annual revenues of less than AU$50 million ($32.5 million), which can benefit from a reduced rate of 25%.