Category: Capital Gains Tax
Non-Residents Can No Longer Claim The CGT Main Residence Exemption
On December 5th 2019 the contentious law denying non-residents the Capital Gains Tax (CGT) main residence exemption was passed. This means that the update we...
Read moreUpdate on CGT Main Residence Exemption for expats
Update: Since publication of this post the Bill has passed and is now law. The law passed is the Treasury Laws Amendment (Reducing Pressure on...
Read moreAustralian Expats still awaiting decision on CGT change
In our blog of 25 February this year we reported on what we consider to be highly inequitable capital gains tax changes that the Government has introduced...
Read moreRemoval of CGT Main residence exemption for Australian expatriates – disastrous tax changes now imminent
As we reported in our blog last year – the Australian Government announced that it would remove the CGT main residence exemption for foreign residents....
Read moreAustralian Expat Alert – Budget announces main residence CGT changes
Background Many Australian citizens who leave Australia and become non-residents (i.e foreign residents for tax purposes) rent their former main residence while they are living...
Read moreForeign Resident Capital Gains Withholding Payment
Author: David Dai New legislation in relation to foreign resident capital gains withholding payments for foreign residents who sell real property in Australia applies from...
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