Maximize Tax Refund For Foreigner Capital Gains Withholding Tax

We would like to share a great news with our wider community we have helped one of our clients to get a very large refund of over $125,000.

The client had sold a property, incurred capital gains tax, and withheld foreigner capital gain withholding tax of over $130,000, and she was recommended to come and see us by a real estate agent.

At the time, she was very depressed, as she had $130,000 less in her pocket, and she was quite pessimistic about getting that refund back, as she was keenly aware, that once the money had popped into the Australian Taxation Office’s pocket, sometimes it is very hard or nearly impossible to get that money out.

Maximize Tax Refund for Client who had been withheld Foreigner Capital Gains Withholding Tax

Once we had took over the job, we examined the data thoroughly, and we then applied the tax file number for the client, and lodged all the overdue tax returns with the investment property.

This is essential, else if we lodge the return in the year when the client got the capital gain withholding tax, then most likely the ATO will take the initial action of asking the client to lodge the overdue tax returns with the investment property tax returns, and there would be a compliance issue.

We then helped the client to do a pre-lodgement private ruling to ensure the ATO is happy with the tax position, and we spent around 1 month dealing with the ATO going back and forward in providing the evidence to the ATO at the end, they agreed to our tax position of a refund of over $125,000.00.

We then prepared and lodged the tax return, and once lodged, the ATO processed the tax return, however, they withheld the refund and got the internal team to investigate and they did not let us know who or how they going to examine the it, this is normal, as it is a large refund.

We waited for 3 weeks, and there was still no progress, then we contacted the assessor who did the private ruling, and she was happy to locate the person who is looking after the case, she communicated with the person, and showed all of the evidence, and the second day, the refund went through to the client, the client was thrilled about it.

If you intend to sell your dwelling, please come and talk to us, our phone number is 0410829900, and our email is