CGT main residence exemption denial to non-residents

Daniel Hodgson & Ablean Saoud take a look at the current state of play for CGT main residence exemptions.

Proposals announced in the 2017 Federal Budget sought to deny the capital gains tax (“CGT”) main residence exemption to non-residents from July 2019. However, the Bill effecting this change has yet to be passed, and as a result, there has been much media debate on the potential impact for Australians residing overseas as non-residents.This article provides a concise overview of the current state of play and the range of possible outcomes, so that impacted taxpayers can make an informed decisi...

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Authors: Daniel Hodgson, Ablean Saoud

Published Date: 07 March 2019