From our blog...
February 20, 2020
CGT and the family home: expats and foreigners excluded from tax exemption. Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact. Key points Non-residents for tax purposes excluded … Continue reading The main residence exemption changes – will you pay tax on your home?
January 21, 2020
The Government has resurrected its plan to remove access to the main residence exemption for non-residents – a move that will impact on expats and foreign residents. Back in the 2017-18 Federal Budget, the Government announced that it would remove the ability for non-resident taxpayers to claim the main residence exemption. The unpopular measures were … Continue reading CGT and the family home: expats and foreigners targeted again