Proposed CGT main residence exemption changes likely to be dropped

Assistant Treasurer Stuart Robert has indicated proposed changes to the CGT main residence exemption will not proceed.

Australian expats can breathe a sigh of relief following comments from Assistant Treasurer Stuart Robert which indicate the proposed changes to the CGT main residence exemption in their current form, will not be legislated.The move follows intense lobbying and media attention from Australian expat groups on the controversial changes announced in the May 2017 Federal budget. The proposed changes would have potentially resulted in large capital gains tax bills for Australians selling their main...

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Authors: Daniel Hodgson, Ablean Saoud

Published Date: 18 March 2019