Hi .. I'm an Australian citizen but non-resident for tax purposes. Prior to selling a pre-1985 property, do I just need to submit a variation application, given there is no CGT applicable on pre-1985 assets ?? Is there anything else I need to do or be aware of prior to selling the property?
Hi @Bevel
Yes you can apply to vary your withholding using that form. It needs to be presented to the purchaser before or on settlement to reduce the 12.5% withholding rate. .
Hi @Bevel
Yes you can apply to vary your withholding using that form. It needs to be presented to the purchaser before or on settlement to reduce the 12.5% withholding rate. .
Thank you for your reply .... much appreciated.
Can I apply for the variation now prior to putting the property on the market so I can ensure I have it ready in time, or can it only be submitted once a sales contract has been signed ?
Yes the sooner the better @Bevel because it can take 28 days to process.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
121 views
4 replies