Australia has published the Treasury Laws Amendment (Foreign Resident Capital Gains Withholding Payments) Act 2017, which received Royal Assent on 22 June 2017. The legislation modifies the capital gains tax withholding on Australian property sales by increasing the withholding rate from 10% to 12.5% and reducing the withholding exemption threshold from AUD 2 million to AUD 750,000 property va…