Significant foreign resident CGT reforms: draft legislation released
Client AlertForeign resident CGT reforms expand taxable Australian real property, withholding and renewables discount.
Congratulations to our new Partners and Principal. Read more now.
Yan is a Chartered Accountant and qualified lawyer with over 25 years’ corporate and international tax experience. Yan specialises in advising clients in the Food and Beverage sector particularly in respect of tax compliance, ATO risk reviews/audits, private ruling applications, legally privileged tax advice and documenting reasonably arguable positions. He works closely with other Professional Services (accounting, legal, financial advisory) firms to provide specialist tax technical advice as part of overall commercially driven solutions to client transactions. Yan is particularly experienced in leading teams consisting of international or indirect tax/transfer pricing specialists to comprehensively meet the tax compliance and transactional requirements of multinational client groups.
Some examples of Yan’s previous work include:
Foreign resident CGT reforms expand taxable Australian real property, withholding and renewables discount.
The Australian Tax Office (‘ATO’) on 11 June 2025 updated its Practical Compliance Guide PCG 2018/9 on corporate tax residence to reflect key changes including aligning tax compliance residence disclosures to the Consolidated Entity Disclosure Statement (‘CEDS’) for financial reporting purposes.
The ATO has confirmed a stricter application of section 99B - taxation of foreign trust distributions, meaning more distributions or benefits from foreign trusts to Australian residents may now be taxable.