In Depth: The race to beat Australia's capital gains tax deadline

clock • 8 min read

Thousands of Australian expats have until 30 June to sell their family homes or face being slapped with a hefty tax after the government reversed its position for exemptions. Pedro Gonçalves reports. The exemption for Australian expatriates has been available since 20 September 1985, and was applicable so long as the home was rented out for no more than six years at a time. However, CGT tax exemption on their family home is to be scrapped under the A$581m federal government plan. It is estimated that the change will hit the wallets of up to 100,000 Australians working overseas. It means...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?