Insyt chief executive Darren Wynen said with the foreign resident gains withholding now applying to all property disposals where the contract price is $750,000 or more from 1 July 2017, SMSFs who are buying or selling property, or selling an interest in a unit trust that holds property, will need to ensure they comply with certain obligations to avoid being hit with a withholding penalty.
Read the full article on SMSF Adviser.