ATO Provides Form and Guidance for New Capital Gains Tax Rules for Foreign Residents

The Australian Taxation Office (ATO) has issued a notice on the new capital gains tax rules for foreign residents that took effect on 1 October 2026, including requirements for foreign vendors disposing of assets valued at AUD 50 million or more to submit a non-IARPI vendor declaration form to the ATO at least 28 days before settlement and notify the purchaser in writing. Otherwise, foreign resident capital gains withholding may apply.

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Changes to foreign resident CGT rules have starte…